Bank Loan Calendar: $7.718 billion deals being marketed

March Bank Meetings

RESTAURANT TECHNOLOGIES INC.: Lender call March 9; $910 million senior secured credit facilities; Morgan Stanley; $100 million revolver; $810 million green first-lien term B; help fund buyout by ECP from Goldman Sachs Asset Management; provider of cooking-oil management and back-of-house hood and exhaust cleaning solutions.

Upcoming Closings

ASSOCIATED MATERIALS: $550 million seven-year term B (B2/B) talked at SOFR plus 575 bps to 600 bps, 0.5% floor, OID 98.5, 101 soft call for six months; RBC, Credit Suisse, UBS, KKR, Macquarie, BMO and PNC; help fund buyout by Strategic Value Partners LLC; manufacturer and distributor of exterior building products.

AVIS BUDGET GROUP INC.: $500 million seven-year term C (Ba1/BB+) talked at SOFR+10 bps CSA plus 275 bps to 300 bps, 0% floor, OID 98.5, 101 soft call for six month; JPMorgan, Barclays, BNP Paribas, Credit Agricole, Scotia and Truist; general corporate purposes; Parsippany, N.J., provider of vehicle rental services.

BELFOR HOLDINGS INC.: $250 million add-on first-lien term B due April 2026 talked at Libor plus 400 bps, 25 bps step-down at 3.5x total net leverage, 0% Libor floor, OID 99.026; JPMorgan; fund a distribution to shareholders; Birmingham, Mich., disaster recovery and property restoration company.

COMPASS POWER GENERATION LLC: $650 million seven-year senior secured term B (B+) talked at SOFR plus 400 bps to 425 bps, 1% floor, OID 99, 101 soft call for six months; Morgan Stanley, MUFG, Credit Agricole and Truist; refinance existing loan; owner and operator of gas-fired power plants.

ELLUCIAN: $325 million senior secured incremental first-lien term loan (B-) due October 2027 talked at SOFR plus 400 bps to 425 bps, 0.5% floor, OID 99, 101 soft call for six months; BofA Securities; help fund acquisition of CampusLogic; Reston, Va., provider of higher education software and services.

IMPRIVATA: $683 million of term loans; Goldman Sachs, Golub, UBS and Mizuho; $383 million incremental first-lien term B (//BB-) due December 2027 talked at SOFR plus 400 bps, 0.5% floor, OID 98.5, 101 soft call for six months; $300 million privately-placed second-lien term loan; help fund acquisition of SecureLink; Lexington, Mass., digital identity solutions provider.

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.

PLANET HOME LENDING LLC: $300 million five-year term loan (B1) at SOFR+CSA plus 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.

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.

SPX FLOW INC.: $1.74 billion senior secured credit facilities (B2/B-); Citigroup, BofA Securities, RBC, Truist, BNP Paribas, Deutsche Bank and UBS; $200 million five-year revolver; $1.54 billion seven-year covenant-lite first-lien term B talked at SOFR plus 450 bps, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; help fund buyout by Lone Star Funds and refinance some existing debt; Charlotte, N.C., provider of process solutions for the nutrition, health and industrial markets.

TRONOX: Expected closing April 4; $400 million seven-year first lien term loan (Ba2/BB) at SOFR plus 325 bps, 0.5% floor, OID 99, 101 soft call for six months; Goldman Sachs, HSBC, Credit Suisse, Citigroup, BofA Securities, Barclays, BNP Paribas and Deutsche Bank; help refinance senior secured notes; Stamford, Conn., producer of titanium bearing mineral sands and titanium dioxide pigment.

VOYAGE DIGITAL (NZ) LTD.: Expected closing in April; $510 million seven-year senior secured covenant-lite term B (Ba3/B+) at SOFR plus 450 bps, 0 bps CSA, 0.5% floor, OID 98.5, 101 soft call for six months; Morgan Stanley, Natixis, UBS, Deutsche Bank and ING; also NZ$600 million term loan; 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.

AZZ INC.: $1.825 billion senior secured credit facilities; Citigroup and Wells Fargo; $300 million five-year revolver expected at SOFR plus 375 bps, 0% floor; $1.525 billion seven-year covenant-lite term loan expected at SOFR+CSA plus 375 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, 101 soft call for six months; help fund acquisition of Sequa Corp.’s Precoat Metals business division; Fort Worth, Tex., provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services.

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.

CARVANA CO.: New debt financing; JPMorgan and Citigroup; help fund acquisition of Adesa Inc.’s U.S. physical auction business; Tempe, Ariz., eCommerce used car platform.

CENTURY CASINOS INC.: $380 million senior secured credit facilities; Goldman Sachs; $30 million revolver; $350 million term loan; fund acquisition of 50% of Smooth Bourbon LLC and 100% of Nugget Sparks LLC from Marnell Gaming LLC; Colorado Springs, Colo., casino entertainment company.

CHURCHILL DOWNS INC.: New debt financing; help fund acquisition of Peninsula Pacific Entertainment LLC; Louisville, Ky., racetracks and casinos 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.

HOUGHTON MIFFLIN HARCOURT CO.: $2.12 billion senior secured credit facilities; BofA Securities (left on first-lien), JPMorgan (left on second-lien), Deutsche Bank and Macquarie; $250 million five-year revolver expected at SOFR plus 450 bps, two 25 bps step-downs based on first-lien leverage, 0% floor; $1.48 billion seven-year covenant-lite first-lien term loan expected at SOFR plus 450 bps, three 25 bps step-downs based on first-lien leverage, 0% floor, 101 soft call for six months; $390 million eight-year covenant-lite second-lien term loan expected at SOFR plus 800 bps, 0% floor, call protection 102, 101; help fund buyout by Veritas Capital; Boston-based learning technology company.

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.

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.

TEGNA INC.: New debt financing; RBC, BofA Securities, Goldman Sachs, Truist, BNP Paribas, Credit Suisse, Jefferies, Mizuho, TD Securities, Barclays, Deutsche Bank and MUFG; help fund buyout by Standard General; Tysons, Va., media company.

TENNECO: New debt financing; help fund buyout by Apollo; Lake Forest, Ill., designer, manufacturer and marketer of automotive products for original equipment and aftermarket customers.

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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