Bank Loan Calendar: $1.545 billion deals being marketed

Upcoming Closings

CITCO GROUP: $795 million of term loans; Stone Point Capital, UBS, JPMorgan, Citizens, U.S. Bank and Truist; $275 million five-year term A talked at SOFR plus 275 bps, 0.5% floor, OID 98.5; $520 million 5½-year term B talked at SOFR plus 375 bps, 0.5% floor, OID 97, 101 soft call for one year; refinance existing term B; provider of financial services.

ENTAIN HOLDINGS LTD. (GVC FINANCE LLC): $750 million seven-year covenant-lite term B (Ba1/BB/BB+) talked at SOFR+10 bps CSA plus 350 bps to 375 bps, 0.5% floor, OID 97, 101 soft call for one year; Deutsche Bank, Lloyds, Mediobanca, NatWest and Santander; fund acquisition of SuperSport Group from EMMA Capital; Douglas, Isle of Man, sports-betting, gaming and interactive entertainment group.

On The Horizon

APOTEX PHARMACEUTICAL HOLDINGS INC.: New debt financing; RBC, Scotia, HSBC and Truist; help fund buyout by SK Capital Partners LP; Toronto-based pharmaceutical company.

ATLAS AIR WORLDWIDE: $1.9 billion senior secured credit facilities; Goldman Sachs, Barclays, Apollo, Mizuho and Credit Agricole; $300 million revolver; $1.6 billion first-lien term loan; 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.

CONSUMER DIRECT CARE NETWORK INC.: $150 million credit facilities; $75 million term loan; $75 million revolver; help support merger with DTRT Health Acquisition Corp.; Missoula, Mont., provider of in-home personal care.

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.

KNOWBE4 INC.: New debt financing; help fund buyout by Vista Equity Partners; Clearwater, Fla., provider of a security awareness training and simulated phishing platform.

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.

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.

TWITTER INC.: $7 billion credit facilities; Morgan Stanley, BofA Securities, Barclays, MUFG, BNP Paribas, Mizuho and Societe Generale; $500 million five-year revolver; $6.5 billion seven-year covenant-lite term loan; help fund acquisition by Elon Musk; San Francisco-based free online social networking microblogging service.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.