Bank Loan Calendar: $11.6845 billion deals being marketed

April Bank Meetings

LIGHT & WONDER INC. (SCIENTIFIC GAMES CORP.): Lender call April 4; $2.2 billion seven-year term loan (//BBB-) 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 98.5 to 99, 101 soft call for six months; JPMorgan; refinance existing debt; Las Vegas-based cross-platform games and entertainment company.

OLDCASTLE BUILDINGENVELOPE: Lender call April 4; $1.285 billion senior secured first-lien term loan; Citigroup; help fund buyout by KPS Capital Partners LP from CRH plc; supplier of glazing-focused, interior and exterior products and services.

Upcoming Closings

DOOSAN BOBCAT: $850 million seven-year term B (Ba3/BB) at SOFR+10 bps CSA plus 250 bps, 0.5% floor, OID 98.5, 101 soft call for six months; BofA Securities, JPMorgan, PNC and TD Securities; refinance existing debt; manufacturer of compact farm and construction equipment.

EVERSTREAM: $759.5 million credit facilities; Societe Generale, Natixis, ING, Santander, SMBC, Cobank, Macquarie, RBC, TD Securities and Vantage; $40 million five-year revolver; $494.5 million seven-year term loan talked at SOFR+CSA plus 350 bps, time-based step-ups, 0% floor, OID 99.5 to 99.75; $225 million seven-year delayed-draw term loan talked at SOFR+CSA plus 350 bps, time-based step-ups, 0% floor, OID 99.5 to 99.75; refinance existing debt, fund capital expenditures and permitted acquisitions, and general corporate purposes; Cleveland-based fiber telecom provider.

HOUGHTON MIFFLIN HARCOURT CO.: $2.12 billion senior secured credit facilities; BofA Securities (left on first-lien), JPMorgan (left on second-lien) , Deutsche Bank, Macquarie, Citizens, Goldman Sachs, Mizuho, Blackstone and StonePoint; $250 million five-year revolver (B2/B-/B+); $1.48 billion seven-year covenant-lite first-lien term loan (B2/B-/B+) talked at SOFR+10 bps CSA plus 500 bps to 525 bps, 0.5% floor, OID 97 to 97.5, 101 soft call for six months; $390 million privately placed eight-year covenant-lite second-lien term loan; help fund buyout by Veritas Capital; Boston-based learning technology company.

PERRIGO CO. PLC: $2.1 billion senior secured credit facilities (Baa3/BBB-/BBB-); JPMorgan, Morgan Stanley, Wells Fargo, BofA Securities and HSBC; $1 billion five-year revolver; $300 million five-year term A; $800 million seven-year first-lien term B (including $400 million delayed-draw tranche) talked at SOFR+10 bps CSA plus 275 bps to 300 bps, 25 bps step-down at 0.5x inside closing date total net leverage, 0.5% floor, OID 98.5, 101 soft call for six months; help fund acquisition of Hera SAS (HRA Pharma) and refinance existing term A and some notes; Dublin-based provider of self-care products and over-the-counter health and wellness solutions.

SKILLSOFT: Expected closing April 4 week; $160 million senior secured incremental first-lien term loan (B2/B-) due July 16, 2028 at SOFR+CSA plus 525 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate, 42.826 bps six-month rate and 71.513 bps for 12-month rate, 0.75% floor, OID 98.25, 102 hard call through July 16, 2022, then 101 soft call for six months; Barclays and Citigroup; help fund acquisition of Codecademy; Dublin-based provider of cloud-based learning services.

SPX FLOW INC.: Expected closing first week of April; $1.81 billion senior secured credit facilities (B2/B-); Citigroup, BofA Securities, RBC, Truist, BNP Paribas, Deutsche Bank and UBS; $200 million five-year revolver; $1.61 billion seven-year covenant-lite first-lien term B at SOFR+10 bps CSA plus 450 bps, 0.5% floor, OID 95.5, 101 soft call for one year; 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.

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 provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services.

BAUSCH + LOMB: $2.7 billion senior credit facilities; $2.2 billion term loan; $500 million 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.

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.

DENALI WATER SOLUTIONS LLC: $185 million add-on term loan; UBS; fund acquisition of Imperial Western Products; Russellville, Ark., specialty waste and environmental services company.

INTERTAPE POLYMER GROUP INC.: $1.75 billion credit facilities; Credit Suisse, Deutsche Bank and Wells Fargo; $250 million asset-based revolver; $1.5 billion senior secured first-lien term loan; help fund buyout by Clearlake Capital Group LP; Montreal and Sarasota, Fla.-based manufacturer of paper and film-based pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging, woven and non-woven products and packaging machinery.

MKS INSTRUMENTS INC.: $5.75 billion senior secured credit facilities; JPMorgan and Barclays; $500 million five-year revolver; $1 billion five-year term A; $4.25 billion seven-year covenant-lite term B, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 101 soft call for one year; help fund acquisition of Atotech Ltd.; Andover, Mass., provider of technologies that enable advanced processes and improve productivity.

MONEYGRAM INTERNATIONAL INC.: Up to $850 million senior secured credit facilities; Goldman Sachs, Deutsche Bank, Barclays and Wells Fargo; up to $150 million revolver; $700 million first-lien term loan; help fund buyout by Madison Dearborn Partners LLC; Dallas-based digital P2P payments company.

NIELSEN HOLDINGS PLC: $7 billion secured credit facilities; BofA Securities, Barclays, Credit Suisse, Mizuho, HSBC, KKR, Citigroup, Nomura and Ares; $650 million revolver; $6.35 billion term loan; help fund buyout by Evergreen Coast Capital Corp. and Brookfield Business Partners LP; New York-based provider of audience measurement, data and analytics.

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

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.

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.: $4 billion senior secured credit facilities; RBC, BofA Securities, Goldman Sachs, Truist, BNP Paribas, Credit Suisse, Jefferies, Mizuho, TD Securities, Barclays, Deutsche Bank, MUFG, Citizens and SMBC; $500 million revolver; $3.5 billion term loan; help fund buyout by Standard General; Tysons, Va., media company.

TENNECO: $3 billion senior secured credit facilities; $600 million revolver; $2.4 billion first-lien term loan; help fund buyout by Apollo; Lake Forest, Ill., designer, manufacturer and marketer of automotive products for original equipment and aftermarket customers.

VERTEX CO.: Additional first-lien credit facility debt; refinance debt at Vectrus Inc. in connection with merger; provider of integrated solutions and critical service offerings.

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.

ZEBRA TECHNOLOGIES: New credit facility financing; help fund acquisition of Matrox Imaging; Lincolnshire, Ill., provider of hardware, software, services and solutions that digitize and automate workflows.

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