Bank Loan Calendar: $12.1675 million deals being marketed

Upcoming Closings

BRIGHTSPEED (CONNECT HOLDING II LLC): $3.6 billion credit facilities (B2/B-/B+); BofA Securities, Barclays, Goldman Sachs, Mizuho, BNP Paribas, MUFG, Deutsche Bank, Credit Suisse, BMO, Citigroup, Morgan Stanley and RBC; $600 million revolver; $1 billion term A; $2 billion seven-year term B talked at SOFR+10 bps CSA plus 500 bps, 0.5% floor, OID 92, 101 soft call for six months; help fund acquisition of Lumen Technologies’ incumbent local exchange carrier business in 20 states by Apollo Global Management Inc.; Charlotte, N.C., provider of broadband and telecommunications services.

CITRIX SYSTEMS INC. (TIBCO SOFTWARE INC.): Expected closing Sept. 26 week; $8.05 billion equivalent credit facilities (B); BofA Securities, Credit Suisse, Goldman Sachs, Barclays, Citigroup, Deutsche Bank, KKR, Mizuho, Morgan Stanley, RBC, Apollo, Jefferies, BMO, BNP Paribas, Guggenheim, HSBC, Macquarie, Nomura, Truist, UBS, Wells Fargo, KeyBanc, MUFG, Scotia, Societe Generale, Stifel, SPC, TD Securities, Fifth Third, ING, IMI, Natixis, Santander Bank and U.S. Bank; $4.05 billion 6.5-year term B at SOFR+10 bps CSA plus 450 bps, 0.5% floor, OID 91, 101 soft call for one year; $500 million equivalent euro 6.5-year term B at Euribor plus 450 bps, 0% floor, OID 91, 101 soft call for one year; $1 billion five-year revolver; $2.5 billion six-year term A; 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.

FARFETCH US HOLDINGS INC.: $400 million five-year covenant-lite first-lien term B (B1/B-/BB-) talked at SOFR plus 600 bps to 625 bps, 0.5% floor, OID 95, non-call one, 103; JPMorgan; general corporate purposes and working capital; London-based online platform for the luxury fashion industry.

GENERATION BRIDGE II LLC: $32.5 million incremental senior secured term B due February 2029 talked at SOFR+CSA plus 500 bps, CSA is 11 bps one-month rate, 26 bps three-month rate and 43 bps six-month rate, 0.5% floor, OID 98.56, 101 soft call until February 2023; Credit Suisse; fund a distribution to equity holders; operator of power generation facilities.

ONTIC (BLERIOT US BIDCO INC.): $85 million incremental covenant-lite first-lien term loan due October 2026 talked at SOFR+10 bps CSA plus 450 bps, 0% floor, OID 95 to 96, 101 soft call for six months; Nomura; repay revolver borrowings and general corporate purposes; provider of OEM-licensed parts and aftermarket services for mature aerospace and defense platforms.

On The Horizon

ATLAS AIR WORLDWIDE: New debt financing; Goldman Sachs, Barclays, Apollo, Mizuho and Credit Agricole; help fund buyout by Apollo, J.F. Lehman & Co. and Hill City Capital; Purchase, N.Y., provider of outsourced aircraft and aviation operating services.

BETTCHER INDUSTRIES: $200 million incremental first-lien term loan (B-); 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.

COMPUTER SERVICES INC.: New debt financing; help fund buyout by Centerbridge Partners LP and Bridgeport Partners; Paducah, Ky., provider of end-to-end fintech and regtech solutions.

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.

HILO GROUP BUYER LLC: New debt financing; help fund buyout by H.I.G. Capital from Avient Corp.; distribution business.

MAXLINEAR INC.: $3.5 billion senior secured credit facilities; Wells Fargo, BMO, Citizens and Truist; $250 million five-year revolver expected at SOFR plus 225 bps, 0% floor; $512.5 million five-year term A expected at SOFR plus 225 bps, 0% floor; $2.7375 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.

OPENTEXT CORP.: $2.585 billion senior secured delayed-draw seven-year final maturity term loan expected at SOFR plus 325 bps; Barclays, BMO, RBC and Citigroup; help fund acquisition of Micro Focus; Waterloo, Ont., software provider of business-to-business cloud integration services.

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; Citigroup; $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.

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