Bank Loan Calendar: $7.075 billion deals being marketed

Upcoming Closings

ANGUS CHEMICAL CO.: $125 million incremental term loan (B2/B-/BB-) due November 2027 talked at SOFR plus 475 bps, 25 bps step-down up an IPO, 0.75% floor, OID 92 to 93, 101 soft call for six months; JPMorgan; general corporate purposes, fund an acquisition and refinance existing debt; Buffalo Grove, Ill., specialty and fine chemical company.

HUB INTERNATIONAL: Expected closing Nov. 10; $850 million seven-year incremental senior secured covenant-lite term B (B) at SOFR plus 400 bps, 25 bps step-down upon an IPO, 0.75% floor, OID 96, 101 soft call for six months; Morgan Stanley, JPMorgan, Barclays, BofA Securities, Goldman Sachs, Macquarie, Nomura and BMO; fund acquisitions and refinance revolver borrowings; Chicago-based insurance brokerage.

INEOS GROUP HOLDINGS: $1.2 billion five-year term B (Ba2/BB) at SOFR+10 bps CSA plus 375 bps, 0% floor, OID 96.5, 101 soft call for one year; JPMorgan, Deutsche Bank, ABN Amro, Barclays, Credit Agricole, Commerzbank, ING, Intesa, KBC and MUFG; also €800 million five-year term B (Ba2/BB) at Euribor plus 400 bps, 0% floor, OID 96.5, 101 soft call for one year; extend some U.S. and euro term loans due March 2024 and general corporate purposes; London-based chemicals company.

NOMAD FOODS: Expected closing Nov. 10; $825 million seven-year senior secured covenant-lite term loan B (B1//BB+) talked at SOFR plus 425 bps, 0.5% floor, OID 95 to 96, 101 soft call for six months; Citigroup, Morgan Stanley, Deutsche Bank, Goldman Sachs, JPMorgan and Jefferies; help refinance an existing U.S. term B and general corporate purposes; U.K.-based frozen foods company.

STARWOOD PROPERTY MORTGAGE LLC: Expected closing mid-November; $600 million five-year first-lien senior secured sustainability term B (Ba2//BBB-) at SOFR plus 325 bps, 0.5% floor, OID 97, 101 soft call for six months; Morgan Stanley; general corporate purposes; commercial mortgage real estate investment trust.

TENNECO (PEGASUS MERGER CO.): Expected closing mid-November; $3.3 billion of credit facilities (Ba3/B/BB-); Citigroup, BofA Securities, Barclays, BNP Paribas, Jefferies, RBC, TD Securities, Wells Fargo, Deutsche Bank, BMO, Credit Suisse, Goldman Sachs, ING, Mizuho, MUFG, Santander and U.S. Bank; $600 million revolver; $1.3 billion term A; $1.4 billion six-year covenant-lite senior secured term B talked at SOFR+10 bps CSA plus 500 bps, 0.5% floor, OID 84 to 85, 101 soft call for six months; help fund buyout by Apollo; Lake Forest, Ill., designer, manufacturer and marketer of automotive products for original equipment and aftermarket customers.

WATLOW ELECTRIC MANUFACTURING CO.: $175 million incremental term loan (B) due March 2028 talked at SOFR+CSA plus 475 bps to 500 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 0.5% floor, OID 93 to 94, 101 soft call for six months; BMO and Citizens; help fund already completed acquisition of Eurotherm from Schneider Electric; St. Louis-based designer and manufacturer of complete thermal systems.

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. (GRIZZLY NEW PUBCO INC.): $150 million credit facilities; $75 million senior secured term loan; $75 million asset-based revolver; help support merger with DTRT Health Acquisition Corp.; Missoula, Mont., provider of in-home personal care.

CONTINENTAL RESOURCES INC.: Estimated $600 million in new term loans; help fund acquisition by Omega Acquisition Inc., an entity owned by Continental’s founder, Harold G. Hamm; Oklahoma City-based independent oil producer.

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.

MASONITE INTERNATIONAL CORP.: New term loan; help fund acquisition of Endura Products; Tampa, Fla., based manufacturer and distributor of interior and exterior doors and door systems.

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.

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.

SEALED AIR CORP.: New debt financing; help fund acquisition of Liquibox; Charlotte, N.C., provider of packaging solutions.

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.

WOOD MACKENZIE: New debt financing; help fund buyout by Veritas Capital from Verisk; provider of data, analytics, and insights used to power the energy, renewables, and natural resources industry.

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