Bank Loan Calendar: $11.156 billion deals being marketed

May Bank Meetings

OPRY ENTERTAINMENT GROUP (OEG BORROWER LLC): Lender call May 10; $300 million seven-year term B; JPMorgan and Morgan Stanley; help fund recapitalization in connection with purchase of a 30% interest by Atairos group and NBCUniversal from Ryman Hospitality Properties Inc.; provider of multi-platform entertainment experiences through a portfolio of entertainment venues.

Upcoming Closings

BARRACUDA NETWORKS INC.: $1.72 billion credit facilities; UBS (left on first-lien), KKR (left on second-lien), Barclays, Jefferies, PSP, SVB, Stone Point and Wells Fargo; $150 million revolver (B2); $1.115 billion seven-year first-lien term loan (B2) talked at SOFR plus 400 bps to 425 bps, 0.5% floor, OID 99, 101 soft call for six months; $455 million eight-year second-lien term loan (Caa2) talked at SOFR plus 675 bps to 700 bps, 0.5% floor, OID 99, hard call 102, 101; help fund buyout by KKR from Thoma Bravo; provider of cybersecurity solutions.

BOMBARDIER RECREATIONAL PRODUCTS INC. (BRP INC.): $500 million seven-year incremental term loan (Ba2/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; RBC and Citigroup; general corporate purposes, including to repay revolver borrowings and fund an issuer bid to purchase subordinate voting shares; Valcourt, Quebec, designer, manufacturer, distributor and marketer of motorized recreational vehicles and powersports engines.

CHAMPIONX CORP.: $625 million seven-year term B (Ba2/BBB-) 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 99, 101 soft call for six months; JPMorgan; refinance existing term loans and redeem notes; Woodlands, Tex., provider of chemistry solutions and highly engineered equipment and technologies that help companies drill for and produce oil and gas.

DENALI WATER SOLUTIONS LLC: $185 million incremental term loan at SOFR+CSA plus 462.5 bps, 0.75% floor, OID 96.5, 101 soft call for six months; UBS; fund acquisition of Imperial Western Products; Russellville, Ark., specialty waste and environmental services company.

LIGHTSTONE HOLDCO LLC: Roughly $1.734 billion of amended and extended senior secured term loans (B2); Jefferies; roughly $1.641 billion amended and extended term B due Jan. 30, 2027 talked at SOFR plus 575 bps, 1% floor, OID 99, hard call 103, 102, 101; roughly $93 million amended and extended term C due Jan. 30, 2027 talked at SOFR plus 575 bps, 1% floor, OID 99, hard call 103, 102, 101; amend and extend existing term loans; portfolio of four generation facilities located in the PJM Interconnection market.

MALLINCKRODT PLC: $900 million senior secured covenant-lite first-lien secured term B (B3/B) due Sept. 30, 2027 talked at SOFR plus 600 bps, 0 bps CSA, 0.75% floor, OID 95 to 96, 101 soft call for six months; Morgan Stanley, MUFG, Barclays and Deutsche Bank; repay revolver borrowings and make payments under a Chapter 11 plan; Dublin-based manufacturer of specialty pharmaceutical products and therapies.

MONTANA RENEWABLES LLC: $500 million five-year green term B (B3/B) talked at SOFR+CSA plus 775 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 98, non-call one; BofA Securities; refinance existing debt and general corporate purposes; Great Falls, Mont., renewable diesel project.

PIXELLE (SPECTRUM GROUP BUYER INC.): $567 million credit facilities (B1/B); Credit Suisse, Macquarie, Barclays, BMO and KKR; $60 million revolver; $507 million seven-year first-lien term B talked at SOFR plus 625 bps to 650 bps, 0.5% floor, OID 98, 101 soft call for one year; help fund buyout by H.I.G. Capital from Lindsay Goldberg; Spring Grove, Pa., manufacturer of fiber-based specialty products for label technology, food packaging, and other commercial and industrial end uses.

POLYCONCEPT: $925 million credit facilities; KKR, Barclays, Jefferies, RBC, Credit Suisse, Deutsche Bank, PNC and Stifel; $125 million five-year ABL revolver; $800 million seven-year covenant-lite term B (B3/B) talked at SOFR plus 525 bps to 550 bps, 0.5% floor, OID 98, 101 soft call for six months; refinance existing loans; New Kensington, Pa., supplier of promotional products.

R1 RCM INC.: $540 million seven-year senior secured term B (Ba2/B+/BBB-) talked at SOFR+10 bps CSA plus 300 bps, 0.5% floor, OID 98.5 to 99, 101 soft call for six months; Barclays, JPMorgan, BofA Securities, Capital One, Wells Fargo, US Bank, KeyBanc, PNC, Morgan Stanley, HSBC and Fifth Third; help fund the acquisition of Cloudmed from New Mountain Capital; Murray, Utah, provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers.

SYNIVERSE HOLDINGS LLC: $1.025 billion seven-year term loan (B3/B-) at SOFR plus 700 bps, ESG step-down of 7.5 bps subject to outlined KPI, 0.5% floor, OID 96, 101 soft call for six months; Barclays, Goldman Sachs, Mizuho, BofA Securities, Credit Suisse, Deutsche Bank, BNP Paribas and Societe Generale; help refinance existing capital structure in connection with an investment by Twilio Inc.; Tampa, Fla., provider of technology and business services for the telecommunications industry.

TERRAFORM POWER OPERATING LLC: $500 million seven-year first-lien green term loan (Ba2/BB+/BB+) talked at SOFR+10 bps CSA plus 275 bps to 300 bps, 0.5% floor, OID 98.5, 101 soft call for six months; RBC, Barclays and Wells Fargo; refinance existing debt; New York-based owner and operator of a renewable power portfolio including solar and wind assets.

THERM-O-DISC INC. (TOKEN BUYER INC.): $520 million credit facilities; Morgan Stanley, RBC and Jefferies; $65 million revolver (B2/B-); $355 million senior secured first-lien term loan (B2/B-) talked at SOFR plus 500 bps to 525 bps, 0 bps CSA, 0.5% floor, OID 97.5 to 98, 101 soft call for six months; $100 million second-lien term loan (Caa2/CCC+); help fund buyout by One Rock Capital Partners LLC from Emerson; Mansfield, Ohio, designer and manufacturer of safety-critical sensors, thermal cutoffs and sealed connecting components.

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

ADVANCING EYECARE: New debt financing; UBS, Jefferies and Golub; help fund buyout by Cornell Capital LLC from Atlantic Street Capital; Jacksonville, Fla., provider of ophthalmic instruments.

CDK GLOBAL INC.: $5.865 billion senior secured credit facilities; Credit Suisse, Goldman Sachs, BMO, Barclays, Deutsche Bank, RBC, TD Securities, Wells Fargo and BofA Securities on first-lien, Broad Street and WSMP providing second-lien; $650 million five-year revolver; $4.35 billion seven-year term loan; $865 million eight-year second-lien 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.

CORPORATION SERVICE CO. (CSC): $2.35 billion term B (B1/BB-/BBB-); BofA Securities, Jefferies and Wells Fargo; also €1 billion term A (B1/BB-/BBB-); help fund acquisition of Intertrust NV; Wilmington, Del., provider of corporate, legal, tax and digital brand services.

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.

GORMAN-RUPP CO.: $540 million credit facilities; JPMorgan; $100 million revolver; $350 million term loan; $90 million senior unsecured subordinated term loan; help fund acquisition of Fill-Rite and Sotera from Tuthill Corp.; Mansfield, Ohio, designer, manufacturer and marketer of pumps and pump systems.

HEMISPHERE MEDIAGROUP INC.: New debt financing; Wells Fargo, Truist, Fifth Third and Deutsche Bank; help fund buyout by Gato Investments LP; Coral Gables, Fla., pure-play media company targeting the U.S. Hispanic and Latin American markets.

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.

KOFAX: New debt financing; JPMorgan, Credit Suisse, UBS, Jefferies, Blackstone, PSP Partners, Security Benefit and Brinley; help fund buyout by Clearlake Capital Group LP and TA Associates from Thoma Bravo; Irvine, Calif., provider of intelligent automation software to facilitate digital workflow transformations.

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

MAXLINEAR INC.: $3.5 billion senior secured credit facilities; Wells Fargo; $250 million five-year revolver expected at SOFR plus 225 bps, 0% floor; $3.25 billion seven-year covenant-lite term B expected 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, 101 soft call for six months; help fund acquisition of Silicon Motion; Carlsbad, Calif., provider of radio frequency, analog and mixed-signal integrated circuits for broadband, connectivity, and infrastructure markets.

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.

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.

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.

TWITTER INC.: $7 billion credit facilities; Morgan Stanley, BofA Securities, Barclays, MUFG, BNP Paribas, Mizuho and Societe Generale; $500 million five-year revolver expected at SOFR plus 450 bps, 0% floor; $6.5 billion seven-year covenant-lite term loan expected at SOFR plus 475 bps, 0.5% floor, 101 soft call for six months; help fund acquisition by Elon Musk; San Francisco-based free online social networking microblogging service.

VERTEX CO.: Up to $360 million of incremental loans; RBC, Stifel, MUFG and Citizens (on term loan), Ally Bank on ABL; up to $260 million incremental term loan; up to $100 million incremental ABL facility; refinance debt at Vectrus Inc. in connection with merger, redeem certain preferred stock of Vertex, and working capital and general corporate purposes; 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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