Bank Loan Calendar: $2.775 billion deals being marketed

January Lender Calls

NORD ANGLIA EDUCATION (FUGUE FINANCE): Lender call Jan. 13; $1.9 billion equivalent of term loans; Deutsche Bank, HSBC, JPMorgan Chase Bank, Citigroup, DBS, Goldman Sachs, Morgan Stanley, Standard Chartered, BofA Securities and E. Sun; $500 million term B due January 2028, 0.5% floor, 101 soft call for six months; up to $1.4 billion equivalent euro term B due January 2028, 0% floor, 101 soft call for six months; refinance existing U.S. and euro first-lien term loans; London-based K-12 schools platform.

Upcoming Closings

CIENA CORP.: $500 million seven-year term B (Baa3/BB+) at SOFR plus 250 bps, 0% floor, OID 99.5, 101 soft call for six months; BofA Securities, JPMorgan, Goldman Sachs, Wells Fargo, Citigroup and MUFG; support acquisitions of Tibit Communications Inc. and Benu Networks Inc., add cash to the balance sheet and general corporate purposes; Hanover, Md., networking systems, services and software company.

RELADYNE INC.: $200 million incremental first-lien term B (B2) due December 2028 talked at SOFR plus 500 bps to 525 bps, 0.5% floor, OID 96, 101 soft call for six months; RBC, BMO, KeyBanc, Macquarie, Fifth Third and US Bank; fund acquisitions of Allied Oil and Grupo Lucalza; Cincinnati-based provider of lubricant and fuel sales & distribution and equipment reliability services to the industrial, commercial, and automotive industries.

WHP GLOBAL (WH BORROWER LLC): Expected closing Jan. 23 week; $175 million covenant-lite first-lien term B (B2/B) due Feb. 15, 2027 at SOFR plus 550 bps, 0.5% floor, OID 96, call protection 105 for life; Morgan Stanley; help fund acquisition of 60% of the Express intellectual property joint venture; New York-based brand management firm.

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.

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.

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.

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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