Bank Loan Calendar: $4.48 billion deals being marketed

June Bank Meetings

BBB INDUSTRIES LLC: Lender call June 21; $1.19 billion seven-year first-lien term B (B2/B-), 101 soft call for six months; JPMorgan, Goldman Sachs, Antares, Wells Fargo, Deutsche Bank, UBS, Nomura, Fifth Third and ING; help fund buyout by Clearlake Capital Group LP; Daphne, Ala., sustainable manufacturer of automotive replacement parts.

Upcoming Closings

AVAYA: $500 million first-lien term loan (B3/B-/BB-) due December 2027 talked at SOFR plus 900 bps, 1% floor, OID 96, non-call two, 101; Goldman Sachs; prefund refinancing of convertible debt and general corporate purposes; Santa Clara, Calif., provider of communication software and services for enterprises.

CREATIVE ARTISTS AGENCY: $325 million term B-2 (B2/B) due November 2026 talked at SOFR plus 425 bps, 1% floor, OID 96, 101 soft call for six months; BofA Securities, Mizuho, Credit Suisse, Truist, UBS and Nomura; help fund acquisition of International Creative Management LLC; talent and literary agency.

DAVE & BUSTER’S INC.: $850 million seven-year covenant-lite term B (B1/B) talked at SOFR+10 bps CSA plus 450 bps, 0.5% floor, OID 96 to 97, 101 soft call for six months; Deutsche Bank, JPMorgan, BMO, Wells Fargo, Truist, Capital One and Fifth Third; help fund acquisition of Main Event Entertainment Inc. from Ardent Leisure Group Ltd. and RedBird Capital Partners; Coppell, Tex., owner and operator of entertainment and dining venues.

FIRSTSTUDENT & FIRSTTRANSIT: $770 million of incremental term loans; Barclays, Morgan Stanley, BMO, RBC, Jefferies, Credit Suisse, TD Securities, Citizens, BNP Paribas, Deutsche Bank, MUFG and Stifel; $720 million term B due July 21, 2028 talked at SOFR+10 bps CSA plus 400 bps, 0.5% floor, OID 94 to 95, 101 soft call for six months; $50 million term C due July 21, 2028 talked at SOFR+10 bps CSA plus 400 bps, 0.5% floor, OID 94 to 95, 101 soft call for six months; help fund acquisition of Total Transportation Corp.; Cincinnati-based provider of student transportation and public transit management and contracting services.

TERRA MILLENNIUM CORP.: $585 million credit facilities (B2/B); Macquarie and Stifel; $50 million five-year revolver; $435 million seven-year covenant-lite first-lien term loan talked at SOFR plus 550 bps, 0.5% floor, OID 93 to 94, 101 soft call for six months; $100 million delayed-draw covenant-lite first-lien term loan talked at SOFR plus 550 bps, 0.5% floor, OID 93 to 94; help fund buyout by H.I.G. Capital from Court Square Capital Partners; Salt Lake City-based provider of outsourced industrial maintenance services, including refractory maintenance and other specialized services.

VERTEX AEROSPACE SERVICES CORP.: $260 million incremental term B (B1) due Dec. 6, 2028 talked at SOFR+10 bps CSA plus 400 bps, 0.75% floor, OID 96, 101 soft call for six months; RBC, MUFG, Stifel, US Bank and Citizens; support merger with Vectrus Inc.; provider of integrated solutions and critical service offerings.

On The Horizon

BETTCHER INDUSTRIES: $200 million incremental first-lien term loan; UBS, KKR and Jefferies; help fund acquisition of Frontmatec from Axcel; Birmingham, Ohio, developer and manufacturer of precision cutting and trimming tools for food processing and industrial applications.

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.

COVETRUS: $2.25 billion credit facilities; Deutsche Bank, UBS, BMO and Mizuho; $300 million revolver; up to $1.525 billion of first-lien term loans; $425 million second-lien term loan; help fund buyout by Clayton, Dubilier & Rice and TPG Capital; Portland, Maine, animal-health technology and services company.

DSM ENGINEERING MATERIALS: €2.9 billion equivalent term loan; Goldman Sachs, Barclays, UBS and BNP Paribas; help fund acquisition by Advent International and Lanxess from Royal DSM; supplier of engineering and high-performance polymers.

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.

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.

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.

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.

RIPIC HOLDINGS: $2.25 billion credit facilities; UBS, RBC, BNP Paribas, BMO, Mizuho and Natixis; $300 million revolver; $1.95 billion of term loans; help fund acquisition of a 51% interest in Roper Technologies Inc.’s industrial businesses by Clayton, Dubilier & Rice LLC.

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.

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