Bank Loan Calendar: $50.383 billion deals being marketed

January Bank Meetings

ANKURA CONSULTING GROUP LLC: Lender call Jan. 25; $75 million incremental covenant-lite first-lien term loan due March 2028 talked at SOFR+CSA plus 450 bps, 0.75% floor; Deutsche Bank; fund future acquisitions; specialty consulting platform.

CONTERRA ULTRA BROADBAND: Lender call Jan. 25; $55 million incremental term B; TD Securities; provider of bandwidth infrastructure services.

DODGE CONSTRUCTION NETWORK (DODGE DATA & ANALYTICS LLC): Lender call Jan. 25; $585 million of term loans; Deutsche Bank, UBS, Wells Fargo, BMO and RBC on first-lien, UBS and Deutsche on second-lien; $455 million seven-year covenant-lite first-lien term loan (B2), 101 soft call for six months; $130 million eight-year covenant-lite second-lien term loan (Caa2), call protection 102, 101; recapitalization in connection with significant new equity investment from Clearlake Capital Group LP; Hamilton, N.J., data platform supporting the commercial construction industry.

TRICOR GROUP (THEVELIA (US) LLC): Lender call Jan. 26; $1.02 billion of term loans; Barclays, Goldman Sachs, HSBC, Nomura, MUFG, Credit Agricole and Standard Chartered; $760 million seven-year first-lien term loan, 101 soft call for six months; $260 million pre-placed second-lien term loan; help fund buyout by Baring Private Equity Asia from Permira; Hong Kong-based business expansion specialist.

WHITE CAP SUPPLY HOLDINGS LLC: Lender call Jan. 25; $2.312 billion covenant-lite term loan B due October 2027, 101 soft call for six months; Deutsche Bank; repricing; distributor of concrete accessories and specialty construction and safety products.

WHP GLOBAL: Lender call Jan. 25; $450 million senior secured term B; Morgan Stanley; refinance existing term loan, capitalize the balance sheet for future acquisitions and fund a distribution to shareholders; New York-based brand acquisition and development platform.

Upcoming Closings

AHF PRODUCTS LLC: $265 million credit facilities; UBS, KeyBanc and Stifel; $215 million seven-year first-lien term loan (B2/B) talked at SOFR+CSA plus 625 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 98, 101 hard call for one year; $50 million ABL revolver; help fund buyout by Paceline Equity Partners from American Industrial Partners; Mountville, Pa., manufacturer of hardwood and vinyl flooring.

ALIGHT SOLUTIONS: $1.956 billion term B due August 2028 talked at SOFR plus 300 bps, 0.5% floor, OID 99.75, 101 soft call for six months; BofA Securities; refinance existing term loan debt; Lincolnshire, Ill., provider of integrated, cloud-based human capital solutions.

ASSUREDPARTNERS INC.: $500 million incremental term loan (B2) due February 2027 talked at SOFR plus 350 bps, 0.5% floor, OID 99.5, 101 soft call for six months; Barclays, JPMorgan, BofA Securities, Morgan Stanley, BMO, Goldman Sachs, RBC, Deutsche Bank, Mizuho, Credit Suisse, Macquarie and ING; provide liquidity for near-term acquisition activity and pay down revolver borrowings; Lake Mary, Fla., insurance brokerage firm.

ATHENAHEALTH INC.: $6.75 billion of term loans (B2/B-/B+); JPMorgan; $5.75 billion seven-year term B talked at SOFR plus 375 bps to 400 bps, 25 bps step-downs at 0.25x and 0.5x inside closing date first-lien net leverage and 25 bps step-down upon an IPO, 0.5% floor, OID 99.5, 101 soft call for six months; $1 billion delayed-draw term loan talked at SOFR plus 375 bps to 400 bps, 25 bps step-downs at 0.25x and 0.5x inside closing date first-lien net leverage and 25 bps step-down upon an IPO, 0.5% floor, OID 99.5; help fund buyout by Bain Capital and Hellman & Friedman from Veritas Capital and Evergreen Coast Capital; Watertown, Mass., provider of cloud-based enterprise software solutions for medical groups and health systems.

ATHLETICO PHYSICAL THERAPY: $875 million seven-year term B (B) talked at SOFR+CSA plus 425 bps to 450 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99 to 99.5, 101 soft call for six months; BofA Securities and BMO; help fund acquisition of Pivot Health Solutions from PennantPark, refinance existing debt and add cash to the balance sheet; Oak Brook, Ill., provider of orthopedic rehabilitation services.

BAKELITE SYNTHETICS: $485 million seven-year first-lien term loan (B1/BB-/BB+) talked at SOFR+CSA plus 400 bps to 425 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99, 101 soft call for six months; Goldman Sachs, Deutsche Bank, UBS, Macquarie and Jefferies; support acquisition of the chemicals unit of Georgia-Pacific and refinance existing debt; Louisville, Ky., producer of phenolic specialty resins and engineered thermoset molding compounds.

BAUSCH HEALTH COS. INC.: $3.475 billion credit facilities (Ba3/BB/BB); Barclays; $975 million revolver; $2.5 billion seven-year senior secured term B talked at SOFR+CSA plus 475 bps to 500 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99, 101 soft call for six months; help refinance existing debt; Laval, Quebec, healthcare company.

COVIS PHARMA: $350 million five-year senior secured term B (B2/B) talked at SOFR+CSA plus 625 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 98 to 99, 101 soft call for six months; Barclays; help refinance existing debt; Luxembourg-based pharmaceutical company.

CROCS INC.: $2 billion seven-year senior secured first-lien term B (Ba2/BB-) talked at SOFR+CSA plus 325 bps to 350 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; Citigroup, PNC, BofA Securities and Morgan Stanley; help fund acquisition of Heydude; Broomfield, Colo., based casual footwear company.

DESSERT HOLDINGS: $565 million of term loans; Antares, Barclays, BMO, Deutsche Bank, HSBC, KKR, MUFG, Prospect Capital, RBC, SMBC and Stifel; $430 million incremental covenant-lite first-lien term loan (B-) talked at Libor plus 400 bps, 0.75% Libor floor, OID 99.25 to 99.5, 101 soft call for six months; $135 million incremental covenant-lite second-lien term loan (CCC) talked at Libor plus 725 bps, 0.75% Libor floor, OID 98.27 to 98.5; help fund a strategic acquisition; St. Paul, Minn., desserts manufacturer.

EAST WEST MANUFACTURING: $355 million credit facilities (B3/B-); KeyBanc, ING and TD Securities; $40 million revolver; $275 million seven-year covenant-lite term B talked at SOFR plus 550 bps to 575 bps, 0.75% floor, OID 99, 101 soft call for six months; $40 million delayed-draw term loan talked at SOFR plus 550 bps to 575 bps, 0.75% floor, OID 99; help fund buyout by MSD Partners; Atlanta-based integrated design, manufacturing, and distribution services partner for original equipment manufacturers and distributors.

EMBECTA CORP.: $1.65 billion senior secured credit facilities (Ba3/B+); Morgan Stanley, JPMorgan, Citigroup, Wells Fargo, MUFG, US Bank and BNP Paribas; $500 million revolver; $1.15 billion seven-year covenant-lite term B talked at SOFR plus 350 bps to 375 bps, 0.5% floor, OID 99 to 99.5, 101 soft call for six months; help fund spinoff from Becton, Dickinson and Co. and general corporate purposes; diabetes care company.

EMERALD EMS: $295 million credit facilities (B3/B-); UBS and Barclays; $45 million revolver; $250 million seven-year first-lien term loan talked at SOFR+CSA plus 625 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 1% floor, OID 98, 101 soft call for six months; help fund already completed buyout by Crestview Partners from New Water Capital; Salem, N.H., high-tech electronics manufacturing services and design firm.

FLUIDRA (ZODIAC POOL SOLUTIONS LLC): Expected closing Jan. 27; $750 million seven-year covenant-lite term B (Ba2) at SOFR+CSA plus 200 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99.75, 101 soft call for six months; BBVA (sustainability coordinator), Citigroup (left on U.S.), HSBC (left on euro), BofA Securities, BNP Paribas, JPMorgan and Santander; also €450 million euro seven-year covenant-lite term B (Ba2) at Euribor plus 225 bps, 0% floor, issue price par, 101 soft call for six months; refinance existing debt and general corporate purposes; Sabadell, Spain, provider of pool equipment and wellness solutions.

INSPIRE BRANDS INC. (IRB HOLDING CORP.): $2.575 billion senior secured term B due Dec. 15, 2027 talked at SOFR+CSA plus 300 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, issue price par, 101 soft call for six months; Barclays; repricing; Atlanta-based multi-brand restaurant company.

INTELSAT JACKSON HOLDINGS SA: Up to $3.375 billion DIP-to-exit seven-year term loan (of which $2.875 billion will be syndicated) (B3/B+/BB-) talked at SOFR+CSA plus 425 bps to 450 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99, 101 soft call for six months; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs and JPMorgan; help fund emergence from Chapter 11; Luxembourg-based satellite telecommunications company.

MCAFEE CORP.: $6.66 billion credit facilities (B2/B-); JPMorgan, BofA Securities, Credit Suisse, Barclays, Citigroup, HSBC, RBC, UBS, 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; $4.41 billion seven-year term B talked at SOFR+10 bps CSA plus 375 bps to 400 bps, two 25 bps step-downs based on first-lien net leverage and a 25 bps IPO-based step-down, 0.5% floor, OID 99.5, 101 soft call for six months; $1.25 billion equivalent euro seven-year term B talked at Euribor plus 400 bps to 425 bps, three 25 bps step-downs based on first-lien net leverage and a 25 bps IPO-based step-down, 0% floor, OID 99.5, 101 soft call for six months; 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.

MJH LIFE SCIENCES: $725 million credit facilities (B2/B-); BofA Securities and PNC; $75 million revolver; $650 million seven-year term B talked at SOFR+CSA plus 350 bps to 375 bps, IPO-based step-down, 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 fund acquisition of a majority interest by BDT Capital Partners LLC; Cranbury, N.J., medical media company.

NORTONLIFELOCK: $5.35 billion of term loans (Ba1/BB/BBB-); BofA Securities, Wells Fargo, Scotia, Mizuho, Truist, MUFG, BNP Paribas and BMO; up to $3.6 billion seven-year term B talked at SOFR+CSA plus 225 bps to 250 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; $1.75 billion five-year term A; help fund acquisition of Avast; Tempe, Ariz., cybersecurity provider.

NOVAE LLC: $500 million credit facilities (B3/B); Jefferies, SMBC and Nomura; $50 million five-year revolver; $350 million seven-year first-lien term loan talked at SOFR+CSA plus 500 bps, two pricing step-downs, CSA of 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 99, 101 soft call for six months; $100 million seven-year first-lien delayed-draw term loan talked at SOFR+CSA plus 500 bps, two pricing step-downs, CSA of 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 99; fund buyout by Brightstar Capital Partners and acquisition of Mirage Trailers; Markle, Ind., manufacturer of professional grade utility, dump, equipment, deckover and enclosed trailers.

PHYSICIAN PARTNERS LLC: $650 million credit facilities (B2/B); Credit Suisse and Truist; $50 million revolver; $600 million seven-year first-lien term loan talked at SOFR+CSA plus 400 bps to 425 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99, 101 soft call for six months; support an equity investment by Kinderhook Industries; primary care physician group and managed service organization.

PLANET HOME LENDING LLC: $300 million five-year term loan (B1) talked at SOFR+CSA plus 425 bps to 450 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; M&T Bank; refinance existing debt and fund growth; mortgage lender.

POWER STOP LLC: $435 million credit facilities (B3/B); Jefferies and Antares; $40 million five-year revolver; $395 million seven-year first-lien term loan at Libor plus 475 bps, 25 bps leverage-based step-down, 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.

PRECISELY: $230 million of add-on term loans; JPMorgan, Golub and Barclays; $200 million add-on first-lien term loan due April 2028 talked at Libor plus 400 bps, 0.75% Libor floor, OID 99.5 to 99.75, 101 soft call until April; $30 million add-on second-lien term loan due April 2029 talked at Libor plus 725 bps, 0.75% Libor floor, OID 99.75 to par, 102 hard call until April, then 101 for a year; fund acquisition of PlaceIQ and repay revolver borrowings; provider of data integrity software.

PRINCE INTERNATIONAL CORP. (PMHC II INC.): $2.27 billion credit facilities (B3/B-); Credit Suisse, Barclays, Goldman Sachs, Jefferies, KeyBanc, Deutsche Bank, HSBC and BofA Securities; $325 million revolver; $1.945 billion seven-year covenant-lite first-lien term loan talked at SOFR+CSA plus 425 bps to 450 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; help fund acquisition of Ferro Corp. and merger with Chromaflo Technologies; Houston-based manufacturer of color solutions, functional coatings and specialty minerals.

RELADYNE INC.: $855 million credit facilities; RBC, BMO, KeyBanc, Macquarie and Golub; $150 million ABL revolver; $540 million seven-year first-lien term loan (B2/B) talked at SOFR plus 450 bps, 0.5% floor, OID 99, 101 soft call for six months; $165 million eight-year privately placed second-lien term loan; support recently completed buyout by American Industrial Partners from Audax Private Equity and refinance existing term loans; Cincinnati-based provider of lubricants and distributor of less-than-truckload fuel, diesel exhaust fluid, chemicals and other related products.

SYNIVERSE HOLDINGS INC.: $1 billion seven-year term loan (B2/B-) talked at SOFR plus 425 bps to 450 bps, 0.5% floor, OID 99, 101 soft call for six months; Barclays, Goldman Sachs, Mizuho, BofA Securities, Credit Suisse, Deutsche Bank, BNP Paribas and Societe Generale; 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.

TAYLORMADE GOLF CO.: $1.05 billion seven-year term loan B (B1/B) talked at SOFR+CSA plus 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 to 99.5, 101 soft call for six months; JPMorgan; refinance existing debt and general corporate purposes; Carlsbad, Calif., sports equipment manufacturing company.

TRAC (STONEPEAK TARUS LOWER HOLDINGS LLC): $350 million eight-year second-lien term loan (Caa1/B+) at SOFR+CSA of 10 bps plus 700 bps, 0.5% floor, OID 98.5, call protection 102, 101; Credit Suisse; fund a distribution to the sponsor; marine chassis pool manager and equipment provider.

VIVID SEATS LLC (HOYA MIDCO LLC): $275 million seven-year first-lien term loan (Ba3/B+) talked at SOFR plus 325 bps, 0.5% floor, OID 99.5, 101 soft call for six months; Barclays, BofA Securities, Citigroup, Credit Suisse, Deutsche Bank and RBC; help refinance existing first-lien term loan; Chicago-based ticketing market place and technology partner for live sports, concerts and theater events.

XLERATE GROUP (AMERICAN AUTO AUCTION GROUP LLC): $810 million credit facilities; Jefferies, BofA Securities and BMO; $60 million five-year revolver (B2/B-); $570 million six-year first-lien term loan (B2/B-) talked at SOFR+CSA plus 475 bps to 500 bps, 25 bps step-down at 0.5x inside closing total net leverage, CSA of 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 99, 101 soft call for six months; $180 million seven-year second-lien term loan (Caa2/CCC) talked at SOFR+CSA plus 850 bps to 875 bps, 25 bps step-down at 0.5x inside closing total net leverage, CSA of 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 98, call protection 102, 101; help fund acquisition of America’s Auto Auction by Brightstar Capital Partners-owned XLerate Group; vehicle auction company.

On The Horizon

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.

BAUSCH + LOMB: New credit facilities; term loan; revolver; in connection with IPO to repay debt at Bausch Health Cos. Inc.; Vaughan, Ont., eye health company.

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.

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.

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

OWENS & MINOR INC.: $1.9 billion term B; JPMorgan; help fund acquisition of Apria Inc.; Richmond, Va., healthcare solutions company.

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.: $1.74 billion senior secured credit facilities; Citigroup, BofA Securities, RBC, Truist, BNP Paribas and Deutsche Bank; $200 million five-year revolver; $1.54 billion seven-year first-lien term loan; help fund buyout by Lone Star Funds, refinance some existing debt and general corporate purposes; 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, Credit Suisse, Citigroup, Goldman Sachs and JPMorgan; help fund acquisition of Blue Prism Group plc; Windsor, Conn., provider of services and software for the financial services and healthcare industries.

UCB: $800 million term loan; help fund acquisition of Zogenix Inc.; Brussels-based biopharmaceutical company.

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

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