Bank Loan Calendar: $12.5125 billion deals being marketed

April Bank Meetings

REFRESCO GROUP BV: Lender call April 22; €3.4 billion equivalent of term loans; Goldman Sachs (left on U.S.), JPMorgan (Left on euro and GBP), KKR, Credit Suisse, Natwest, BofA Securities, Morgan Stanley, Mizuho, MUFG, ABN Amro, Credit Agricole, Unicredit, Rabobank, ING, BNP Paribas and SMBC; €1.53 billion equivalent U.S. term B; €1.53 billion term B; €340 million equivalent GBP term B; help fund buyout by KKR; Rotterdam, the Netherlands, beverage producer.

SYNIVERSE HOLDINGS, LLC: $1.025 billion seven-year term loan facility; Barclays (administrative agent, left books), Goldman Sachs, Mizuho, BofA, Credit Suisse, Deutsche Bank, BNP Paribas, SG (joint books); 101 soft call for six months; proceeds plus preferred equity and equity from Twilio Inc. to refinance the capital structure; Tampa-based telecom; lender call 1 p.m. ET on April 25.

Upcoming Closings

ARCLIGHT GCX (AL GCX HOLDINGS LLC): $630 million seven-year senior secured term B (Ba3/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, 0.5% floor, OID 99.5, 101 soft call for six months; Barclays, Macquarie, Jefferies, Morgan Stanley and RBC; fund acquisition of a 25% stake in Gulf Coast Express Pipeline LLC; natural gas pipeline.

BAUSCH + LOMB: $2.5 billion five-year first-lien term loan (Ba2/B+/BB+) talked at SOFR+10 bps CSA plus 325 bps to 350 bps, 0.5% floor, OID 98.5, 101 soft call for six months; Goldman Sachs, Morgan Stanley, Citigroup, JPMorgan and Barclays; repay intercompany loan at Bausch Health Cos. Inc. in connection with spin-off; Vaughan, Ont., eye health company.

BROOK + WHITTLE (BW HOLDING INC.): $188 million of term loans; Credit Suisse, Wells Fargo, Jefferies and BMO; $131 million incremental first-lien term loan (B2) due December 2028 at SOFR+CSA plus 400 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, 101 soft call for six months; $57 million privately placed incremental second-lien term loan; fund acquisition of Cenveo Worldwide Ltd.’s custom labels business and an acquisition under a letter of intent, and add cash to the balance sheet; Guilford, Conn., manufacturer of pressure sensitive labels, shrink sleeves, flexible packaging and heat transfer labels.

CONGRUEX GROUP: $545 million of term loans (B3/B); KeyBanc, Citizens and Fifth Third; $470 million seven-year term loan talked at SOFR+CSA plus 550 bps to 575 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 97.5, 101 soft call for six months; $75 million delayed-draw term loan talked at SOFR+CSA plus 550 bps to 575 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 97.5; fund two acquisitions and refinance existing debt; specialist in broadband network construction and engineering.

CPG INTERNATIONAL LLC (AZEK): $575 million seven-year term B (B1/BB-) talked at SOFR+10 bps CSA plus 250 bps to 275 bps, 0.5% floor, OID 98.5 to 99, 101 soft call for six months; BofA Securities, JPMorgan, Barclays, Jefferies and TD Securities; refinance existing term loan and general corporate purposes; designer and manufacturer of low-maintenance products focused on the outdoor living market.

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.

DENALI WATER SOLUTIONS LLC: $185 million incremental term loan talked at SOFR+CSA plus 450 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 96 to 96.5, 101 soft call for six months; UBS; fund acquisition of Imperial Western Products; Russellville, Ark., specialty waste and environmental services company.

EPIQ (DTI HOLDCO INC.): $1.335 billion credit facilities; Credit Suisse; $125 million revolver; $960 million seven-year first-lien term loan (B2/B-) at SOFR plus 475 bps, 0.75% floor, OID 98, 101 soft call for six months; $250 million privately placed second-lien term loan; refinance existing capital structure; alternative legal service provider.

EVERSTREAM: $784.5 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 at SOFR+CSA plus 350 bps, time-based step-ups, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0% floor, OID 99.5 to 99.75 based on commitment size; $250 million seven-year delayed-draw term loan at SOFR+CSA plus 350 bps, time-based step-ups, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0% floor, OID 99.5 to 99.75 based on commitment size; refinance existing debt, fund capital expenditures and permitted acquisitions, and general corporate purposes; Cleveland-based fiber telecom provider.

FIRST BRANDS GROUP LLC: $300 million incremental senior secured first-lien term loan due March 30, 2027 talked at SOFR+CSA plus 500 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 1% floor, OID 99.25; Jefferies, BofA Securities, Wells Fargo, Regions, Capital One and Fifth Third; add cash to the balance sheet; automotive aftermarket platform.

FIVE STAR HOLDING: $880 million of term loans; Goldman Sachs, Morgan Stanley, Neuberger Berman, Credit Suisse and KKR; $630 million seven-year first-lien term loan (B) talked at SOFR plus 450 bps, 25 bps step-downs at 0.5x and 0.75x inside closing date first-lien net leverage, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; $250 million privately placed second-lien term loan (CCC+); help fund buyout by the Jordan Co.; Houston-based integrated flexible packaging company.

MARINER WEALTH ADVISORS: $175 million term loan (including $50 million delayed-draw tranche) talked at SOFR plus 325 bps, 0.5% floor, OID 98.56 to 99; BMO, RBC and UBS; fund near-term acquisitions; investment adviser.

PARADIGM (OUTCOMES GROUP HOLDINGS INC.): $170 million of term loans; Credit Suisse and Truist; $110 million incremental first-lien term loan (B3/B) due October 2025 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 98, 101 soft call for six months; $60 million incremental second-lien term loan (Caa2/CCC+) due October 2026 talked at SOFR+CSA plus 800 bps to 825 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 98, call protection 102, 101; repay revolver borrowings and fund a distribution to shareholders; Walnut Creek, Calif., provider of complex and catastrophic case management to the workers’ compensation industry.

PENN NATIONAL GAMING INC.: $1 billion seven-year term B (Ba3/BB) at SOFR+10 bps CSA plus 275 bps, 0.5% floor, OID 99.5, 101 soft call for six months; BofA Securities; help refinance existing loans; Wyomissing, Pa., owner and operator of gaming and racing facilities.

STG LOGISTICS: $875 million senior secured credit facilities (B/BB-); Antares, Deutsche Bank, Stifel, Citizens and MUFG; $60 million revolver; up to $90 million designated letter-of-credit revolver; $725 million first-lien term loan 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, 0.75% floor, OID 98, 101 soft call for one year; fund acquisition of XPO Logistics’ intermodal segment and refinance existing debt; Bensenville, Ill., provider of facilities-based containerized logistics services.

TOUCHTUNES (TA TT BUYER LLC): $385 million seven-year covenant-lite first-lien term loan (B1/B-) at SOFR plus 525 bps, 0.5% floor, OID 99, 101 soft call for six months; 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.

VIZIENT INC.: $900 million of term loans (Ba2/BB+); Barclays (left on term B), BofA Securities (left on term A), JPMorgan, BMO, Goldman Sachs, Morgan Stanley, Citigroup, Fifth Third, Truist and Wells Fargo; $600 million seven-year term B talked at SOFR+10 bps CSA plus 250 bps to 275 bps, 0.5% floor, OID 98.5, 101 soft call for six months; $300 million five-year term A; refinance existing capital structure; Irving, Tex., member driven health care performance improvement company.

VXI GLOBAL SOLUTIONS: $615 million seven-year term B (B3/B) talked at SOFR+10 bps CSA plus 475 bps, 0.5% floor, OID 97 to 97.5, 101 soft call for six months; BofA Securities, Citigroup and HSBC; help fund buyout by Bain Capital from Carlyle Group; Los Angeles-based provider of customer care and customer experience 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, Tex., provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services.

CDK GLOBAL INC.: $5 billion senior secured credit facilities; Credit Suisse, Goldman Sachs, BMO, Barclays, Deutsche Bank, RBC, TD Securities, Wells Fargo and BofA Securities; $650 million revolver; $4.35 billion term loan; help fund buyout by Brookfield Business Partners; Hoffman Estates, Ill., automotive retail technology 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.

DAVE & BUSTER’S ENTERTAINMENT INC.: Up to $1.35 billion senior secured credit facilities; Deutsche Bank, JPMorgan and BMO; up to $500 million five-year revolver; up to $850 million seven-year covenant-lite term B expected at SOFR plus 425 bps, 0.5% floor, 101 soft call for six months; help fund acquisition of Main Event from Ardent Leisure Group Ltd. and RedBird Capital Partners; Coppell, Tex., owner and operator of entertainment and dining venues.

EPIC STAFFING GROUP: New debt financing; Truist and Wells Fargo; help fund acquisition by The Pritzker Organization LLC; El Segundo, Calif., provider of outsourced employment to the biopharmaceutical and healthcare industries.

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.

LITTELFUSE INC.: New debt financing; help fund acquisition of C&K Switches from Sun Capital Partners; Chicago-based industrial technology manufacturing company.

MALLINCKRODT PLC: $900 million senior first-lien secured term loan; Morgan Stanley, Barclays, Deutsche Bank and MUFG; repay revolver borrowings and make payments under a Chapter 11 plan; Dublin-based manufacturer of specialty pharmaceutical products and therapies.

MHS GLOBAL: New debt financing; JPMorgan; help fund merger with Fortna; provider of parcel, warehouse and distribution, and lifecycle services.

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.

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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