Bank Loan Calendar: $13.92 billion deals being marketed

January Bank Meetings

GRIFFON CORP.: Lender call Jan. 10; $750 million seven-year covenant-lite term B (Ba2), 101 soft call for six months; BofA Securities, BNP Paribas, Deutsche Bank and Wells Fargo; help fund acquisition of Hunter Fan Co. from MidOcean Partners; New York-based diversified management and holding company.

MJH LIFE SCIENCES: Lender call Jan. 10; $650 million seven-year term B, 101 soft call for six months; BofA Securities and PNC; help fund acquisition of a majority interest by BDT Capital Partners LLC; Cranbury, N.J., medical media company.

VACO HOLDINGS LLC: Lender call Jan. 7; $640 million credit facilities (B2/B); Jefferies, Antares and KKR; $40 million five-year revolver; $600 million seven-year first-lien term loan, 101 soft call for six months; repay existing debt and make a shareholder distribution; provider of staffing and consulting services.

Upcoming Closings

ADDISON GROUP: $590 million credit facilities; KKR and Credit Suisse; $525 million term B (B) talked at Libor plus 450 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; $65 million ABL revolver; help fund buyout by Trilantic North America from Odyssey Investment Partners LLC; Chicago-based professional services firm specializing in talent solutions and consulting services.

CANO HEALTH LLC: $644 million covenant-lite first-lien term loan (B2/B) due November 2027 talked at SOFR+CSA plus 400 bps, 25 bps step-down at B2/B stable ratings, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% SOFR+CSA floor, issue price par, 101 soft call for six months; Credit Suisse; repricing; Miami-based tech-powered, value-based care delivery platform.

DUN & BRADSTREET HOLDINGS INC.: $460 million seven-year incremental term B (B+/BB+) talked at SOFR plus 325 bps, 25 bps step-down at B1/B+ corporate family ratings, 0% floor, OID 99 to 99.25, 101 soft call for six months; BofA Securities, Goldman Sachs, JPMorgan, Barclays, Citigroup, RBC, Truist, Wells Fargo, Citizens, HSBC, Mizuho and TD Securities; redeem notes and add cash to the balance sheet; Short Hills, N.J., provider of business decisioning data and analytics.

GOLDEN NUGGET LLC: $2.35 billion credit facilities (B1/B+); Jefferies; $500 million five-year revolver; $1.85 billion seven-year first-lien term loan talked at SOFR+CSA plus 400 bps, two leverage-based step-downs, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99.5, 101 soft call for six months; help refinance existing debt; diversified restaurant, hospitality, entertainment and gaming company.

HUDSON RIVER TRADING LLC: $100 million incremental first-lien term B due March 18, 2028 talked at SOFR+CSA plus 300 bps, CSA is 0.11448% for one month, 0.26161% for three months and 0.42826% for six months, 0% floor, OID 98.56; Goldman Sachs, BofA Securities and JPMorgan; general corporate purposes; New York-based electronic market maker and liquidity provider.

POWER STOP LLC: $435 million credit facilities; Jefferies and Antares; $40 million five-year revolver; $395 million seven-year first-lien term loan talked at Libor plus 475 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund a distribution to shareholders; manufacturer of aftermarket automotive brake kits.

QUEST SOFTWARE: $3.575 billion of term loans; Goldman Sachs (left on first-lien), Morgan Stanley (left on second-lien), BofA Securities, BMO, Barclays, Citigroup, Credit Suisse, Golub, HSBC, Security Benefit, Wells Fargo, Citizens, Clearlake Capital, Antares, Deutsche Bank, CBAM, BNP Paribas, SVB, UBS and SPC; $2.71 billion seven-year first-lien term B (B2/B-) talked at SOFR plus 400 bps to 425 bps, 25 bps step-down at 0.5x inside closing date first-lien leverage and 25 bps step-down upon an IPO, 0.5% floor, OID 99 to 99.5, 101 soft call for six months; $865 million eight-year second-lien term loan (Caa2/CCC+) talked at SOFR plus 725 bps to 750 bps, 0.5% floor, OID 98.5 to 99, call protection 102, 101; help fund buyout by Clearlake Capital Group LP from Francisco Partners; cybersecurity, data intelligence and IT operations management software provider.

RV RETAILER: $796 million term B (including $200 million incremental) (B1/BB-) due February 2028 talked at SOFR plus CSA plus 350 bps to 375 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 99.5 on incremental, issue price par on repricing, 101 soft call for six months; Goldman Sachs; fund near-term acquisition pipeline and repricing; recreational vehicle retail company.

SRS DISTRIBUTION INC.: $700 million incremental term loan (B2/B-) due 2028 talked at SOFR plus 10 bps CSA plus 375 bps, 0.5% floor, OID 99 to 99.5, 101 soft call for six months; BofA Securities and Barclays; help fund acquisitions, including recently completed purchase of AquaCentral from Tenex Capital Management; McKinney, Tex., building materials distributor.

TRICORBRAUN HOLDINGS INC.: $180 million covenant-lite incremental first-lien term loan due March 3, 2028 (B2/B-) talked at Libor plus 325 bps, 0.5% Libor floor, OID 98.65; Credit Suisse; repay ABL borrowings; St. Louis-based provider of packaging products.

VIRTU FINANCIAL INC. (VHF PARENT LLC): $2.05 billion credit facilities; JPMorgan, Goldman Sachs, RBC, Barclays, Jefferies, CIBC and BMO; $1.8 billion seven-year senior secured covenant-lite first-lien term loan (Ba3/B+/BB-) talked at SOFR+CSA plus 300 bps to 325 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99.5, 101 soft call for six months; $250 million revolver (B+/BB-) due 2025; refinance existing credit facilities, fund share repurchases and general corporate purposes; New York-based provider of financial services technology.

On The Horizon

AHF PRODUCTS LLC: $215 million first-lien term loan (B2/B); UBS and KeyBanc; help fund buyout by Paceline Equity Partners from American Industrial Partners; Mountville, Pa., manufacturer of hardwood and vinyl flooring.

AMENTUM HOLDINGS LLC: New debt financing; help fund acquisition of PAE Inc.; Germantown, Md., technical and engineering services partner.

ARISTOCRAT LEISURE LTD.: $2.05 billion term B; UBS and Goldman Sachs; help fund acquisition of Playtech; North Ryde, Australia, provider of gaming solutions.

BROOKFIELD BUSINESS PARTNERS LP: New debt financing; Barclays, Deutsche Bank, BNP Paribas, Credit Agricole, Macquarie and RBC; help fund acquisition of Scientific Games Corp.’s lottery services and technology business; business services and industrials company.

CROCS INC.: $2 billion senior secured term B; Citigroup; help fund acquisition of Heydude; Broomfield, Colo., based casual footwear company.

CYRUSONE INC.: Up to $12 billion equivalent debt financing; Barclays, Goldman Sachs, Wells Fargo and Citigroup; up to $4 billion U.S. short tenor loan; up to $5 billion U.S. balance sheet loan; up to $1.5 billion equivalent euro EU balance sheet loan; up to $1.5 billion revolver; help fund buyout by KKR and Global Infrastructure Partners; Dallas-based data center REIT.

DODGE CONSTRUCTION NETWORK: New debt financing; Deutsche Bank, UBS, Wells Fargo, BMO and Security Benefit; help support significant new equity investment from Clearlake Capital Group LP; Hamilton, N.J., data platform supporting the commercial construction industry.

EMERALD EMS: $295 million credit facilities; UBS and Barclays; $45 million revolver; $250 million first-lien term loan; help fund already completed buyout by Crestview Partners from New Water Capital; Salem, N.H., high-tech electronics manufacturing services and design firm.

ENTEGRIS INC.: Up to $4 billion senior secured first-lien term loan B; Morgan Stanley; help fund acquisition of CMC Materials Inc., refinance some debt and general corporate purposes; Billerica, Mass., supplier of advanced materials and process solutions for the semiconductor and other high-technology industries.

FLOWORKS: New debt financing; RBC, Jefferies, UBS, Wells Fargo, BNP Paribas and Audax; help support recently completed acquisition of SemiTorr Group; specialty flow control distribution platform.

GLOBAL MOBILITY TAX AND IMMIGRATION SERVICES: New debt financing; Deutsche Bank, JPMorgan, UBS, BMO, BNP Paribas, Mizuho, RBC and Societe Generale; help fund buyout by Clayton, Dubilier & Rice from PwC; provider of compliance, consulting and technology services for employers and their mobile employees.

HEXION HOLDINGS CORP.: New debt financing; help fund buyout by American Securities LLC; Columbus, Ohio, supplier of thermoset resins

MCAFEE CORP.: $7.66 billion credit facilities; JPMorgan, BofA Securities, Credit Suisse, Barclays, Citigroup, HSBC, RBC, CPPIB, UBS, PSP Investments, BMO, KKR, Macquarie, Mizuho, MUFG, Nomura, Wells Fargo, BNP Paribas, CIBC, Citizens, Credit Agricole, Fifth Third, Intesa Sanpaolo, KeyBanc, Natixis, Societe Generale, Standard Chartered, Stifel, SMBC, TD Securities and Scotia; $1 billion revolver; $6.66 billion first-lien term loan; help fund buyout by investor group led by Advent International Corp., Permira Advisers LLC, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Private Ltd. and Abu Dhabi Investment Authority; San Jose, Calif., provider of online protection for consumers.

NORTONLIFELOCK: $9.35 billion senior secured credit facilities; BofA Securities, Wells Fargo, Scotia, Mizuho, Truist, MUFG, BNP Paribas and BMO on term B; BofA Securities, Wells Fargo, JPMorgan, Scotia, Mizuho, Truist, MUFG, BNP Paribas and BMO on term A; $1.5 billion five-year revolver; $750 million 60-day term A; $3.5 billion five-year term A; $3.6 billion seven-year covenant-lite term B expected at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; fund acquisition of Avast; Tempe, Ariz., cybersecurity provider.

PRINCE INTERNATIONAL CORP.: $2.27 billion credit facilities; Barclays and Credit Suisse; $325 million revolver; $1.945 billion first-lien term loan; help fund acquisition of Ferro Corp. and merger with Chromaflo Technologies; Houston-based manufacturer of performance-critical specialty products for niche applications in the construction, electronics, consumer products, agriculture, automotive, oil & gas, industrial and other end markets.

QUIDEL CORP.: New debt financing; help fund acquisition of Ortho Clinical Diagnostics Holdings plc; San Diego, Calif., manufacturer of diagnostic solutions at the point of care.

SKILLSOFT: Up to $160 million senior secured incremental term loan; Barclays and Citigroup; help fund acquisition of Codecademy; Dublin-based provider of cloud-based learning services.

SPX FLOW INC.: New debt financing; Citigroup; help fund buyout by Lone Star Funds; Charlotte, N.C., provider of process solutions for the nutrition, health and industrial markets.

SS&C TECHNOLOGIES INC.: Up to $1.68 billion of incremental term loans; RBC; help fund acquisition of Blue Prism Group plc; Windsor, Conn., provider of services and software for the financial services and healthcare industries.

SYNIVERSE: $1.165 billion credit facilities; Barclays, Goldman Sachs, BofA Securities, Credit Suisse, Deutsche Bank and Mizuho; $165 million five-year revolver; $1 billion seven-year term loan; help refinance existing debt in connection with merger with M3-Brigade Acquisition II Corp.; Tampa, Fla., provider of technology and business services for the telecommunications industry.

VIASAT INC.: New debt financing; help fund acquisition of Inmarsat; Carlsbad, Calif., communications company.

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