Bank Loan Calendar: $3.036 billion deals being marketed

Upcoming Closings

ALLSPRING GLOBAL INVESTMENTS (ALLSPRING BUYER LLC): $250 million incremental senior secured term B (BB-) due Nov 1, 2028 talked at SOFR plus 400 bps, 25 bps step-downs at 3.75x first-lien net leverage and upon an IPO, 0.5% floor, OID 96 to 97, 101 soft call for six months; Morgan Stanley; fund a distribution to shareholders; asset management firm.

FLOW CONTROL GROUP (FCG ACQUISITIONS INC.): $150 million incremental first-lien term loan (B2/B-) due April 1, 2028 talked at SOFR plus 475 bps, 0.5% floor, OID 96, 101 soft call for six months; Credit Suisse and KKR; fund acquisitions under letters of intent; Charlotte, N.C., distributor and technical adviser for mission critical flow control and industrial automation products and related services.

MATERIAL HANDLING SYSTEMS (PROJECT CASTLE): $1.425 billion seven-year term B (B3/B-) talked at SOFR plus 500 bps, 25 bps step-down upon an IPO, 0.5% floor, OID 96 to 97, 101 soft call for six months; JPMorgan, Morgan Stanley, RBC, UBS, Credit Suisse, Stifel, SMBC, KeyBanc and Citizens; help fund merger with Fortna; provider of parcel, warehouse and distribution, and lifecycle services.

PREMISE HEALTH: $191 million incremental first-lien term loan (B2/B) talked at SOFR plus 450 bps to 475 bps, 0.5% floor, OID 98; Ares and Golub; fund a distribution to shareholders; Brentwood, Tenn., direct healthcare provider.

R1 RCM INC.: Expected closing early-to-mid June; $500 million seven-year senior secured term B (Ba2/B+/BBB-) at SOFR plus 300 bps, 0.5% floor, OID 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.

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, 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, 101 soft call for one year; $100 million privately placed 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.

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.

BBB INDUSTRIES LLC: New debt financing; JPMorgan; help fund buyout by Clearlake Capital Group LP; Daphne, Ala., sustainable manufacturer of automotive replacement parts.

CDK GLOBAL INC.: $5.865 billion senior secured credit facilities; Credit Suisse, Goldman Sachs, BMO, Barclays, Deutsche Bank, RBC, TD Securities, Wells Fargo, BofA Securities, BNP Paribas, CIBC, Credit Agricole, Golub, MUFG, Scotia and Societe Generale 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 MEDIA GROUP INC.: $395 million credit facilities; Wells Fargo, Truist, Fifth Third and Deutsche Bank; $35 million revolver; $360 million first-lien term loan; 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.

KAMAN CORP.: New debt financing; help fund acquisition of Parker-Hannifin Corp.’s aircraft wheel & brake division; Bloomfield, Conn., provider of products and systems related to bearings, mechanical and electrical power transmission, automation & control, material handling, and fluid power for the MRO and OEM markets.

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.

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.

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: $9.15 billion secured credit facilities; BofA Securities, Barclays, Mizuho, Credit Suisse, Citigroup, HSBC, KKR, Nomura, Ares, BMO, Goldman Sachs, Jefferies, Macquarie, Morgan Stanley, RBC, Truist, BNP Paribas, CIBC, Fifth Third and MUFG; $650 million revolver; $6.35 billion first-lien term loan; $2.15 billion privately placed second-lien 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.

TRECORA RESOURCES: $165.75 million credit facilities; up to $35.75 million asset-based revolver; $130 million senior secured term loan; help fund buyout by Balmoral Funds LLC; Sugar Land, Tex., provider of specialty hydrocarbons and specialty waxes.

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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