Bank Loan Calendar: $26.77 billion deals being marketed

February Bank Meetings

ALBAUGH LLC: Lender call Feb. 9; $750 million seven-year term B talked at SOFR plus 375 bps to 400 bps, 1% floor, OID 99, 101 soft call for six months; HSBC, JPMorgan, Rabobank, Santander, Truist and BofA Securities; refinance an existing credit facility and fund acquisition of Rotam Global AgroSciences Ltd.; Ankeny, Iowa, producer of off-patent agrochemical products.

CTC HOLDINGS (CHICAGO TRADING CO.): Lender call Feb. 9; $300 million seven-year term B (B1/B+) talked at SOFR+CSA plus 500 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 98.5, 101 soft call for one year; JPMorgan; trading capital and general corporate purposes; Chicago-based trading firm.

SAFE FLEET: Lender call Feb. 9; $595 million first-lien term loan (B-); Goldman Sachs, UBS and MUFG; refinance existing first-lien debt and fund an acquisition; Belton, Mo., provider of safety and productivity products for fleet vehicles and first responders.

Upcoming Closings

AHF PRODUCTS LLC: $265 million credit facilities; UBS, KeyBanc and Stifel; $215 million six-year first-lien term loan (B2/B) at SOFR+CSA plus 625 bps, CSA is about 11.4 bps one-month rate, about 26.2 bps three-month rate and about 42.8 bps six-month rate from 10 bps one-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.

AMENTUM HOLDINGS LLC: $1.293 billion incremental first-lien term loan (B1/B) due 2029 talked at SOFR plus 425 bps, 0.5% floor, OID 99.5, 101 soft call for six months; JPMorgan; help fund acquisition of PAE Inc.; Germantown, Md., technical and engineering services partner.

BCP RENAISSANCE PARENT LLC: Roughly $1.083 billion term B-1 (B+) due Oct. 31, 2026 talked at SOFR plus 350 bps, 1% floor, OID 99.5, 101 soft call for six months; Jefferies and Morgan Stanley; refinance existing debt and amend and extend existing term B-1; owner of an interest in the Rover Pipeline, which transports natural gas from the Marcellus and Utica Shale production areas.

CAST & CREW: $225 million add-on first-lien term B (B) due Dec. 30, 2028 talked at SOFR plus 375 bps, 0.5% floor, OID 99.5, 101 soft call until June; Goldman Sachs and RBC; fund acquisition of Backstage Holdings; Burbank, Calif., provider of software and services to the entertainment production industry.

CONFLUENT MEDICAL TECHNOLOGIES: $395 million seven-year term loan (B2/B) talked at SOFR plus 375 bps to 400 bps, 25 bps step-downs at 0.5x and 1x inside closing date first-lien net leverage, 0.5% floor, OID 99.5, 101 soft call for six months; JPMorgan, Barclays, Credit Suisse, Jefferies LLC and Regions; help fund buyout by TPG Capital; Scottsdale, Ariz., materials science, development and manufacturing partner to medical device manufacturers.

COVIS PHARMA: $1.257 billion of term loans; Barclays; $595 million five-year senior secured term B (B1/B) talked at SOFR+CSA plus 650 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 93, 101 soft call for one year; $350 million equivalent euro five-year first-lien term loan talked at Euribor plus 650 bps, 0% floor, OID 93, 101 soft call for one year; $312 million seven-year second-lien term loan (Caa1) talked at SOFR+CSA plus 975 bps, 1% floor; help refinance existing debt; Luxembourg-based pharmaceutical company.

CROCS INC.: Expected closing mid-to-late February; $2 billion seven-year senior secured first-lien term B (Ba2/BB-) at SOFR+CSA plus 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.

CULLIGAN INTERNATIONAL: $1.35 billion of senior secured term loans (B3); Morgan Stanley; $1.1 billion incremental covenant-lite term B due July 2028 talked at SOFR plus 400 bps, 25 bps step-downs at 4.75x and 4.25x leverage, CSA is 0 bps, 0.5% floor, OID 99 to 99.5, 101 soft call for six months; $250 million delayed-draw covenant-lite term loan talked at SOFR plus 400 bps, 25 bps step-downs at 4.75x and 4.25x leverage, CSA is 0 bps, 0.5% floor, OID 99 to 99.5; fund acquisition of Waterlogic Group Holdings and general corporate purposes; Rosemont, Ill., provider of water treatment products and services.

DEL MONTE: $525 million seven-year term B (B3/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, 101 soft call for six months; Goldman Sachs, JPMorgan, Wells Fargo, BMO, MUFG and Capital One; refinance existing capital structure; producer, distributor and marketer of plant-based food products.

DODGE CONSTRUCTION NETWORK (DODGE DATA & ANALYTICS LLC): $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/B-) talked at SOFR+10 bps CSA plus 450 bps to 475 bps, 0.5% floor, OID 99, 101 soft call for six months; $130 million eight-year covenant-lite second-lien term loan (Caa2/CCC) talked at SOFR+10 bps CSA plus 800 bps to 825 bps, 0.5% floor, OID 98.5, 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.

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.

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.

FLOWORKS: $330 million credit facilities; RBC, UBS, Jefferies, Wells Fargo, BNP Paribas and Audax; $60 million ABL revolver; $270 million seven-year term B (B3/B-/B+) talked at SOFR+10 bps CSA plus 575 bps, 0.5% floor, OID 99, 101 soft call for six months; help support recently completed acquisition of SemiTorr Group and refinance existing debt; specialty flow control distribution platform.

FOLEY PRODUCTS CO. LLC: $370 million seven-year covenant-lite first-lien term loan (B2/B) talked at SOFR+CSA plus 450 bps to 475 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; Credit Suisse and Truist; recapitalization in conjunction with a minority investment from Oaktree Capital; Columbus, Ga., producer of precast concrete products.

GARDA WORLD SECURITY CORP.: $700 million seven-year incremental term loan (B2/B/BB+) talked at SOFR plus 400 bps, 0% floor, OID 99.5, 101 soft call for six months; JPMorgan; fund acquisition of Tidel from Littlejohn & Co. LLC; Montreal-based provider of cash logistics and security solutions.

GOODNIGHT MIDSTREAM (GOODNIGHT WATER SOLUTIONS LLC): $400 million five-year term B (B3/B) talked at SOFR+CSA plus 625 bps to 650 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 1% floor, OID 98 to 99, hard call 102, 101; Wells Fargo; refinance existing debt; Dallas-based produced water midstream company.

HELPSYSTEMS (HS PURCHASER LLC): $725 million of term loans; Jefferies and Golub; $555 million incremental first-lien term loan due November 2026 talked at SOFR+10 bps CSA plus 400 bps, 0.75% floor, OID 99.5 to 99.75; $170 million privately placed incremental second-lien term loan due November 2027, hard call 102 until May 19, 101 until May 19, 2023; fund three acquisitions; Eden Prairie, Minn., provider of cybersecurity and automation software.

HUNTER DOUGLAS: $3.1 billion seven-year term B (B1/B+) talked at SOFR plus 350 bps to 375 bps, 0.5% floor, OID 99.5, 101 soft call for six months; JPMorgan, Morgan Stanley, BofA Securities, Barclays, BNP Paribas, MUFG, Rabobank, Goldman Sachs, Credit Suisse and ING; also €1.35 billion seven-year term loan B (B1/B+) talked at Euribor plus 375 bps to 400 bps, 0% floor, OID 99.5, 101 soft call for six months; help fund buyout by 3G Capital; Rotterdam, the Netherlands, manufacturer of window coverings and architectural products.

ITP AERO: €575 million equivalent U.S. (about $650 million) seven-year first-lien term loan (B2/B) talked at SOFR plus 425 bps to 450 bps, 0.5% floor, OID 99, 101 soft call for six months; Credit Suisse, RBC, Santander, BBVA, Goldman Sachs and Standard Chartered; also €100 million revolver; help fund buyout by Bain Capital Private Equity from Rolls-Royce; aerospace and engine component suppliers.

KNOT: $175 million add-on first-lien term loan (B2/B) due December 2025 talked at SOFR+10 bps CSA plus 450 bps, 0% floor, OID 99.5, 101 soft call for six months; JPMorgan; repay existing second-lien term loan; multiplatform wedding resource.

LATHAM POOL PRODUCTS INC.: $350 million seven-year term B (B1/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 to 99.5, 101 soft call for six months; Barclays, BofA Securities, Goldman Sachs, Morgan Stanley, MUFG and Nomura; refinance existing term loan and general corporate purposes; Latham, N.Y., designer and manufacturer of residential in-ground swimming pools and related accessories.

LEAF HOME (LHS BORROWER LLC): $1.41 billion seven-year term B (B1/B) talked at SOFR+CSA plus 450 bps to 475 bps, 25 bps step-down based on net leverage and 25 bps step-down upon an IPO, 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; JPMorgan, Barclays, BofA Securities, Goldman Sachs, KeyBanc, Truist, Huntington, Golub and Citizens; refinance an existing term B; Hudson, Ohio, technology-enabled direct-to-consumer provider of home solutions.

LES SCHWAB TIRE CENTERS: $301 million add-on term loan (B) due 2027 talked at Libor plus 325 bps if net total leverage is 4.5x and Libor plus 350 bps if net total leverage is above 4.5x, 0.75% Libor floor, OID 99 to 99.5; JPMorgan; fund a dividend; Bend, Ore., tire retail chain.

MAGNATE WORLDWIDE LLC: $300 million of term loans (B2/B); Citizens; $260 million seven-year covenant-lite first-lien term loan talked at Libor plus 500 bps to 525 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $40 million delayed-draw covenant-lite term loan talked at Libor plus 500 bps to 525 bps, 0.75% Libor floor, OID 99; help fund buyout by Littlejohn & Co. LLC; asset-light third-party logistics provider with headquarters in Portland, Ore. and Chicago.

MOBILEUM INC. (MATRIX PARENT INC.): $695 million senior secured credit facilities; Jefferies, Macquarie, UBS, Antares, KKR, Barclays and Stifel; $55 million five-year revolver (B2/B-); $380 million seven-year first-lien term loan (B2/B-) talked at SOFR+CSA plus 475 bps to 500 bps, 25 bps leverage-based step-down, CSA is 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 delayed-draw first-lien term loan (B2/B-) talked at SOFR+CSA plus 475 bps to 500 bps, 25 bps leverage-based step-down, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 99; $160 million eight-year second-lien term loan (Caa2/CCC+) talked at SOFR+CSA plus 825 bps, 25 bps leverage-based step-down, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 98.5, hard call 102, 101; fund acquisition of a majority stake by H.I.G. Capital; Cupertino, Calif., provider of telecom analytics for roaming, security and risk management and end-to-end domestic and roaming testing solutions.

NAPA MANAGEMENT SERVICES CORP.: $610 million seven-year senior secured term B (B2/B) talked at SOFR+CSA plus 525 bps, CSA is 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; Barclays, SVB Leerink and MUFG; refinance existing debt and fund cash to the balance sheet; Melville, N.Y., outsourced anesthesia and perioperative management services company.

OLAPLEX HOLDINGS INC.: $675 million seven-year term B (B1/BB-) talked at SOFR plus 375 bps to 400 bps, 25 bps step-down at 0.5x inside closing date first-lien net leverage, 0.5% floor, OID 99.5, 101 soft call for six months; Goldman Sachs; refinance existing capital structure; hair care company.

PEDIATRIC ASSOCIATES HOLDING CO. LLC: $760 million seven-year covenant-lite first-lien term loan (including $100 million delayed-draw tranche) (B2/B) at Libor plus 325 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, Goldman Sachs, Deutsche Bank and Citizens; fund a recapitalization and a partial equity sale; pediatric practice management company.

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.

PLAYAGS INC (AP GAMING I LLC): $615 million credit facilities (B2/B); Jefferies, Barclays, Credit Suisse, Macquarie and Apollo; $40 million five-year revolver; $575 million seven-year covenant-lite first-lien term loan talked at SOFR+CSA plus 400 bps, 0.75% floor, OID 99, 101 soft call for six months; help refinance existing term debt; Las Vegas-based designer and supplier of diverse gaming products and services to the gaming industry.

SOLERA HOLDINGS LLC: $300 million add-on term B due June 2028 at Libor plus 400 bps, 0.5% Libor floor, OID 99.75; JPMorgan; fund acquisition of Spireon from Greenbriar Equity Fund; Westlake, Tex., provider of integrated vehicle lifecycle and fleet management software-as-a-service, data and services.

SPRUCE POWER HOLDINGS LLC: $600 million seven-year term B (B1/B) talked at SOFR+CSA plus 375 bps to 400 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; KeyBanc; refinance existing debt and fund a distribution to HPS Investment Partners; Houston-based owner and operator of distributed generation solar residential assets.

TKC MIDCO 1 LLC: $320 million five-year PIK toggle HoldCo term loan at 12% cash, 13% PIK in year one and 13.5% PIK thereafter, OID 98, non-call one, 108, 106, 104; Jefferies; fund a shareholder distribution; St. Louis-based provider of commissary, food service and related technology products to the corrections industry.

TRICOR GROUP (THEVELIA (US) LLC): $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 (B2/B/B+) 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 to 99.5, 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.

UFINET (ZACAPA): $1.135 billion seven-year covenant-lite first-lien term loan (B2/B-) talked at SOFR plus 450 bps, 0.5% floor, OID 99 to 99.5, 101 soft call for six months; Credit Suisse, Barclays, UBS, Natixis, Scotia, Santander and Credit Agricole; fund a majority investment in the company by the Seventh Cinven Fund; Madrid-based provider of fiber infrastructure and transmission services to telecom operators.

VIRTUSA CORP.: $670 million seven-year term loan (B) at SOFR+CSA plus 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, 101 soft call for six months; BofA Securities, Barclays, Goldman Sachs, Deutsche Bank, HSBC and Nomura; help fund a distribution to shareholders; Southborough, Mass., provider of digital strategy, digital engineering, and IT services and solutions.

WHP GLOBAL (WH BORROWER LLC): $450 million five-year senior secured covenant-lite term B (B2/B-) talked at SOFR plus 550 bps, 0.5% floor, OID 98 to 99, 101 soft call for one year; Morgan Stanley, Deutsche Bank and Credit Suisse; refinance existing debt, add cash to the balance sheet and fund a distribution to shareholders; New York-based brand acquisition and development platform.

On The Horizon

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.

CITRIX SYSTEMS INC.: $8.05 billion senior secured credit facilities; BofA Securities, Credit Suisse, Goldman Sachs, Barclays, Citigroup, Deutsche Bank, KKR, Mizuho, Morgan Stanley and RBC; $1 billion revolver; $7.05 billion term loan; help fund buyout by Vista Equity Partners and Evergreen Coast Capital Corp. and merger with Tibco Software; Fort Lauderdale, Fla., provider of secure, unified digital workspace technology.

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.

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.

SPECTRUM BRANDS INC.: $500 million incremental loan; help fund acquisition of the home appliances and cookware categories of Tristar Products Inc.; Middleton, Wis., consumer products company.

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.

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

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