Bank Loan Calendar: $12.9915 billion deals being marketed

Upcoming Closings

AGROFRESH SOLUTIONS INC.: $275 million term loan (B3/B) due December 2024 talked at Libor plus 600 bps to 625 bps, 1% Libor floor, OID 96 to 97; BMO and Deutsche Bank; refinance/amend and extend an existing term loan; Philadelphia-based provider of solutions, technologies and services to enhance the quality and extend the shelf life of fresh produce.

ALION SCIENCE & TECHNOLOGY CORP.: $400 million credit facilities; UBS and KKR; $40 million revolver (Ba1/BB); $360 million four-year first-lien term loan (B1/BB-) talked at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; help refinance an existing first-lien term loan and mezzanine tranche; McLean, Va., provider of advanced engineering, intelligence surveillance and reconnaissance, research development test and evaluation, live virtual and constructive training, electronic warfare, and cybersecurity solutions.

CAESARS RESORT COLLECTION LLC: $1.8 billion five-year covenant-lite first-lien term loan (B1/B+) at Libor plus 450 bps, 0% Libor floor, OID 97, 101 soft call for six months; Credit Suisse, JPMorgan, Macquarie, BofA Securities, Deutsche Bank, Goldman Sachs, SunTrust, U.S. Bank and Citizens; help fund the acquisition of Caesars Entertainment Corp. by Eldorado Resorts Inc., pay down revolver borrowings and general corporate purposes; Las Vegas-based gaming and entertainment company.

EPICOR SOFTWARE CORP.: $2.75 billion of term loans; KKR, Barclays, Nomura, Jefferies, Macquarie and Stone Point; $1.925 billion first-lien term loan (B-) talked at Libor plus 425 bps, 1% Libor floor, OID 97.5 to 98, 101 soft call; $825 million second-lien term loan (CCC) talked at Libor plus 775 bps to 800 bps, 1% Libor floor, OID 98, non-call one, 102, 101; dividend recapitalization; Austin, Tex., provider of enterprise business software services.

FIRST BRANDS GROUP LLC: $710 million incremental first-lien term loan (B3) due Feb. 2, 2024 talked at Libor plus 750 bps, 1% Libor floor, OID 94, hard call 102, 101; Jefferies; fund the acquisition Brake Parts Inc. and Champion Laboratories Inc.; automotive aftermarket platform.

HUNTSWORTH PLC: $300 million seven-year first-lien term B (B2) talked at Libor plus 525 bps, 0.5% Libor floor, OID 96, 101 soft call for six months; RBC; help fund already completed buyout by Clayton, Dubilier & Rice; London-based provider of healthcare marketing and communication services.

MYEYEDR. (MED PARENTCO LP): $80 million senior secured first-lien term loan (B3/B-) due August 2026 at Libor plus 625 bps, 1% Libor floor, OID 98, hard call 102, 101; Jefferies, Nomura, Golub, KKR and Macquarie; general corporate purposes; optometry platform.

RSA SECURITY (REDSTONE BUYER LLC): $1.425 billion credit facilities; UBS, Jefferies, Barclays and Deutsche Bank; $75 million revolver (B1/B/BB+); $1.05 billion seven-year covenant-lite first-lien term loan (B1/B/BB+) at Libor plus 500 bps, step-down to Libor plus 475 bps at 0.5x inside closing date leverage, 1% Libor floor, OID 98, 101 soft call; $300 million pre-placed second-lien term loan (Caa1/B-/B-); help fund buyout by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners from Dell Technologies; provider of digital risk solutions including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.

RYAN SPECIALTY GROUP LLC: $1.65 billion seven-year term B (B); JPMorgan, BMO and Barclays; help fund merger with All Risks Ltd.; Chicago-based insurance company.

SEQUA CORP.: $200 million five-year pre-placed first-lien term loan, non-call two, and extension of existing credit facilities by about two years across all tranches and increase in pricing on extended loans by 175 bps; Barclays; new loan to help provide liquidity and repay some existing term loans; diversified aerospace and industrial company.

THYSSENKRUPP ELEVATOR: $2.875 billion seven-year first-lien term loan B (B1/B/B+) at Libor plus 425 bps, 0% Libor floor, OID 98, 101 soft call; Goldman Sachs (left on U.S.), UBS (left on euro), Barclays, Credit Suisse, Deutsche Bank and RBC; also €1.015 billion seven-year first-lien term loan B (B1/B/B+) at Euribor plus 425 bps, 0% floor, OID 98, 101 soft call; help fund buyout by Advent International, Cinven and RAG-Stiftung; Germany-based provider of elevator technology.

TOSCA SERVICES LLC: $526.5 million seven-year first-lien term loan (B) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 97, 101 soft call for six months; Credit Suisse, Deutsche Bank, UBS, Goldman Sachs, Rabobank, KKR and Mizuho; fund the acquisition of Contraload NV and refinance existing debt; Atlanta-based provider of reusable packaging supply chain solutions.

On The Horizon

CINCINNATI BELL INC.: $1.6 billion senior secured credit facilities; Goldman Sachs, Regions Capital and Societe Generale; $250 million revolver; $1.35 billion of term loans; help fund acquisition by Macquarie Infrastructure Partners; Cincinnati-based provider of integrated communications solutions.

GRAHAM PACKAGING CO. INC.: New bank debt; first-lien term loan; senior secured revolver; repay existing debt at parent company Reynolds Group Holdings Ltd.; designer, manufacturer and seller of food, beverage, household and automotive containers.

LOGMEIN INC.: $3.55 billion credit facilities; Barclays, RBC, Deutsche Bank, Jefferies and Mizuho; $250 million revolver; $2.7 billion first-lien term loan; $600 million second-lien term loan; help fund buyout by Francisco Partners and Elliott Management Corp.; Boston-based provider of cloud-based connectivity.

MILANO ACQUISITION CORP. (U.S. STATE AND LOCAL HEALTH AND HUMAN SERVICES): New debt financing; JPMorgan; help fund buyout by Veritas Capital from DXC Technology; end-to-end provider of technology enabled, mission critical solutions that are fundamental to the administration and operations of health programs.

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