Bank Loan Calendar: $17.393 billion deals being marketed

February Bank Meetings

CALLAWAY GOLF CO.: Lender call Feb. 17; $950 million seven-year term B, 101 soft call for six months; BofA Securities, JPMorgan, MUFG and Truist; refinance term loans, repay revolver borrowings and add cash to the balance sheet; Carlsbad, Calif., golf equipment and active lifestyle company.

Upcoming Closings

ALBAUGH LLC: $750 million seven-year term B (Ba3) 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.

ASHFIELD/HUNTSWORTH: $200 million add-on term loan (B1) due 2028 talked at Libor plus 425 bps, 0.5% Libor floor, OID 99 to 99.5, 101 soft call until August; JPMorgan, NatWest, ING, Bank of Ireland, Barclays, Jefferies and RBC; fund acquisition of Research Partnership, finance a tax liability and general corporate purposes; provider of medical communications, marketing, advisory and packaging services to pharma and biotech clients.

CONSUMER CELLULAR INC.: $872 million add-on first-lien term loan due December 2027 talked at SOFR plus 400 bps, 0.75% floor, OID 99.5, 101 soft call for six months; BofA Securities, Barclays, Credit Suisse and Jefferies; fund a dividend to the sponsor; Portland, Ore., provider of postpaid wireless services.

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.

ENTEGRIS INC.: $2.495 billion seven-year senior secured covenant-lite term B talked at SOFR plus 275 bps to 300 bps, 0% floor, OID 99.5, 101 soft call for six months; Morgan Stanley, Barclays, BofA Securities, Citigroup, PNC, Truist and Wells Fargo; help fund acquisition of CMC Materials Inc.; Billerica, Mass., supplier of advanced materials and process solutions for the semiconductor and other high-technology industries.

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.

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.

HEXION HOLDINGS CORP.: $1.825 billion of term loans; Goldman Sachs, RBC, Morgan Stanley, BofA Securities, Deutsche Bank, Barclays and Jefferies; $1.4 billion seven-year first-lien term loan (B2/B) talked at SOFR+10 bps CSA plus 425 bps to 450 bps, two leverage-based step-downs, 0.5% floor, OID 99 to 99.5, 101 soft call for six months; $425 million privately placed second-lien term loan (Caa2/B-); help fund buyout by American Securities LLC; Columbus, Ohio, supplier of thermoset resins

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.

LAUREATE EDUCATION: $500 million seven-year term B (Ba3/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, 101 soft call for six months; Goldman Sachs and Citigroup; fund a distribution to shareholders; Miami-based provider of higher education programs and services.

LEAF HOME (LHS BORROWER LLC): $1.41 billion seven-year term B (B1/B) at SOFR+CSA plus 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; 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 at Libor plus 325 bps, step-up to Libor plus 350 bps if net total leverage is above 4.5x, 0.75% Libor floor, OID 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.

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-) at SOFR plus 375 bps, 25 bps step-down at 0.5x inside closing date first-lien net leverage, 0.5% floor, OID 99.75, 101 soft call for six months; Goldman Sachs, JPMorgan, Morgan Stanley, Barclays, BofA Securities, Jefferies and Truist; refinance existing capital structure; hair care 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.

POINTCLICKCARE TECHNOLOGIES: $400 million incremental term loan (B2/B) due December 2027 talked at SOFR plus 325 bps to 350 bps, 0.75% floor, OID 99.5, 101 soft call for six months; JPMorgan; fund acquisition of Audacious Inquiry; Mississauga, Ont., healthcare technology platform.

PRESS GANEY (AZALEA TOPCO INC.): $400 million incremental first-lien term loan (B2/B-) due July 25, 2026 talked 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 to 99.5, 101 soft call for six months; Barclays, Goldman Sachs and BMO; help fund acquisition of Forsta; provider of patient experience analytics and performance improvement solutions to health care organizations, delivered through a proprietary software suite.

RESIDEO TECHNOLOGIES INC.: $200 million add-on term loan (Ba1) due 2028 talked at Libor plus 225 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; JPMorgan; help fund the acquisition of First Alert Inc. from Newell Brands and general corporate purposes; Austin, Tex., provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products.

SAFE FLEET: $595 million seven-year first-lien term loan (B2/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 99.5, 101 soft call for six months; 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.

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.

TEAM HEALTH: Term loan due February 2027 at SOFR plus 525 bps if corporate ratings are lower than B3/B- with stable outlooks and SOFR plus 475 bps if corporate ratings are B3/B- with stable outlooks, 1% floor, OID 99.5, 101 soft call for six months; JPMorgan; amend and extend existing term loan; Knoxville, Tenn., physician services organization.

TENEO: $80 million incremental first-lien term loan (B2/B) due July 2025 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, 1% floor, OID 98.5 to 99; Goldman Sachs; repay revolver borrowings and fund future acquisitions; New York-based CEO advisory firm.

TRILLIUM FLOW TECHNOLOGIES: $75 million incremental term loan (B-) talked at SOFR+CSA plus 550 bps, CSA is 11.4 bps one-month rate, 26.2 bps three-month rate and 42.8 bps six-month rate, 1% floor, OID 99 area; BNP Paribas; fund acquisition of Termomeccanica Pompe; designer, manufacturer and aftermarket services provider of engineered valves and pumps.

VIASAT INC.: $700 million term B (Ba3/BB/BB+) talked at SOFR plus 375 bps, 0.5% floor, OID 99, 101 soft call for six months; JPMorgan and BofA Securities; repay revolver borrowings and general corporate purposes; Carlsbad, Calif., communications company.

VOYAGE DIGITAL (NZ) LTD.: NZ$1.35 billion equivalent U.S. and NZ senior secured term B; Morgan Stanley; fund acquisition of Two Degrees Group Ltd. and repay existing debt; telecommunications company.

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.

MONEYGRAM INTERNATIONAL INC.: $800 million senior secured credit facilities; Goldman Sachs, Deutsche Bank and Barclays; $100 million revolver; $700 million first-lien term loan; help fund buyout by Madison Dearborn Partners LLC; Dallas-based digital P2P payments company.

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.

SYNIVERSE: New debt financing; help refinance existing debt in connection with an investment by Twilio Inc.; Tampa, Fla., provider of technology and business services for the telecommunications industry.

VIALTO PARTNERS (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.

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