Bank Loan Calendar: $16.9345 billion deals being marketed

April Bank Meetings

EPIQ (DTI HOLDCO INC.): Lender call April 6; $1.335 billion credit facilities; Credit Suisse; $125 million revolver; $960 million seven-year first-lien term loan (B2/B-), 101 soft call for six months; $250 million privately placed second-lien term loan; refinance existing capital structure; alternative legal service provider.

TOUCHTUNES (TA TT BUYER LLC): Lender meeting April 7; $385 million seven-year covenant-lite first-lien term loan; Citizens; help fund buyout by TA Associates from Searchlight Capital Partners LP and Newlight Partners LP; New York-based in-venue, interactive music and entertainment platform.

Upcoming Closings

DAYCO PRODUCTS LLC: $470 million term B (B3) due May 2025 talked at SOFR+CSA plus 575 bps to 600 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 97.5 to 98, 102 hard call for one year, then 101 hard call for six months; BofA Securities; refinance/extend an existing term loan; Roseville, Mich., engine products and drive systems manufacturer for the automotive, heavy-duty, and industrial market segments.

DELIVERY HERO: $825 million 5.25-year term B (B-) talked at SOFR plus 625 bps to 650 bps, 0.5% floor, OID 97, non-call one, 103; JPMorgan, UniCredit, HSBC and Barclays; also €300 million pre-placed term loan B (B-) and €375 million three-year revolver; general corporate purposes; Berlin-based food delivery service.

ELEMENT MATERIALS: $1.825 billion equivalent of term loans (B1/B); BofA Securities (left on U.S.), Goldman Sachs (left on euro), ING (left on euro), Credit Agricole, Lloyds, Bank of Ireland, HSBC, SMBC and Standard Chartered; $1.425 billion seven-year term loan talked at SOFR+10 bps CSA plus 450 bps, 0.5% floor, OID 97.5 to 98, 101 soft call for six months; $400 million equivalent euro seven-year term loan talked at Euribor plus 450 bps, 0% floor, OID 98, 101 soft call for six months; help fund buyout by Temasek from Bridgepoint; London-based provider of testing, inspection and certification services.

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.

LIGHT & WONDER INC. (SCIENTIFIC GAMES CORP.): $2.2 billion seven-year term loan (Ba3/BB/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.

MKS INSTRUMENTS INC.: $5.75 billion equivalent senior secured credit facilities (Ba1); JPMorgan, Barclays, BofA Securities, HSBC, Citigroup and Mizuho; $500 million five-year revolver talked at SOFR+CSA plus 250 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0% floor, OID 99.75; $1 billion five-year term A talked at SOFR+CSA plus 250 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0% floor, OID 99.75; $3.81 billion seven-year covenant-lite term B 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, 0.5% floor, OID 98, 101 soft call for one year; €400 million seven-year term B talked at Euribor plus 325 bps, 0% floor, OID 98, 101 soft call for one year; help fund acquisition of Atotech Ltd.; Andover, Mass., provider of technologies that enable advanced processes and improve productivity.

OLDCASTLE BUILDINGENVELOPE (OSCAR ACQUISITIONCO LLC): $1.285 billion seven-year senior secured covenant-lite first-lien term B (B1/B) talked at SOFR+10 bps CSA plus 425 bps to 450 bps, 0.5% floor, OID 97, 101 soft call for six months; Citigroup, JPMorgan, BNP Paribas, Mizuho, Macquarie, Goldman Sachs, MUFG and Stifel; help fund buyout by KPS Capital Partners LP from CRH plc; supplier of glazing-focused, interior and exterior products and services.

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.

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.

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.

PIXELLE SPECIALTY SOLUTIONS HOLDING LLC: New debt financing; Credit Suisse and Macquarie; help fund buyout by H.I.G. Capital from Lindsay Goldberg; Spring Grove, Pa., manufacturer of specialty papers.

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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