Bank Loan Calendar: $9.557 billion deals being marketed

January Lender Calls

AMERICAN GREETINGS CORP.: Lender call Jan. 24; roughly $282 million senior secured first-lien term loan due April 6, 2026; Barclays; amend and extend existing first-lien term loan; Cleveland-based provider of greeting cards, gift packaging, party goods, gifting products and digital offerings.

AOC LLC (LSF11 A5 HOLDCO LLC): Lender call Jan. 24; $350 million incremental term loan (B) due October 2028; BofA Securities; help fund a shareholder distribution; Schiphol, Netherlands, producer of specialty resins.

ORYX MIDSTREAM SERVICES PERMIAN BASIN LLC: Lender call Jan. 24; $300 million incremental term B (//BB) due Oct. 5, 2028; Barclays; fund a dividend to the sponsor and recapitalize the balance sheet; Midland, Tex., midstream crude operator in the Permian Basin.

Upcoming Closings

ALTICE FRANCE (NUMERICABLE): Up to roughly €7.961 billion U.S. and euro term loans due August 2028 talked at SOFR/Euribor plus 550 bps, 0% floor, OID 97 on 2025 term loans, OID 98 on 2026 term loans, 101 soft call for one year; JPMorgan, Barclays, Credit Agricole, Natixis, Societe Generale, Morgan Stanley, BofA Securities, Citigroup, ING and RBC on U.S. loan; BNP Paribas, Goldman Sachs, Barclays, Credit Agricole, Natixis, Societe Generale, Morgan Stanley, BofA Securities, Citigroup, Deutsche Bank, ING and RBC on euro loan; amend and extend existing 2025 and 2026 U.S. and euro term loans; cable, telecommunications and entertainment company.

BRAZOS MIDSTREAM (BRAZOS DELEWARE II LLC): $800 million seven-year senior secured term B (B1/B+) talked at SOFR plus 400 bps to 425 bps, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; Barclays, Jefferies, Bank of Oklahoma and Cadence Bank; refinance existing term B; Fort Worth, Tex., natural gas gathering and processing and crude gathering company.

CAESARS ENTERTAINMENT INC.: $1.75 billion seven-year term B (Ba3/B) talked at SOFR+10 bps CSA plus 375 bps, 0.5% floor, OID 97.5, 101 soft call for six months; JPMorgan; help repay Caesars Resort Collection LLC’s existing term B; Reno, Nev., gaming and entertainment company.

CUSHMAN & WAKEFIELD: Up to $2.6 billion (minimum $1 billion) term B (BB) due January 2030 talked at SOFR+10 bps CSA plus 375 bps, 0.5% floor, OID 97.5 to 98; JPMorgan; amend and extend a portion of existing term B; Chicago-based commercial real estate services company.

EISNERAMPER (EISNER ADVISORY GROUP LLC): $150 million incremental covenant-lite term B-2 due July 2028 talked at SOFR plus 525 bps, 0.75% floor, OID 95 to 96; Deutsche Bank; fund near-term acquisitions; New York-based professional services firm with a full suite of accounting, tax and advisory services.

INTRADO: $925 million credit facilities (B); RBC; $100 million five-year revolver; $825 million seven-year term B talked at SOFR plus 425 bps, 0.5% floor, OID 97, 101 soft call for six months; help fund acquisition of Intrado Corp.’s Safety Business by Stonepeak Partners; provider of critical public emergency telecommunications services.

NORD ANGLIA EDUCATION (FUGUE FINANCE): $1.9 billion equivalent of term loans (B1/B); 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 at SOFR plus 475 bps, 0.5% floor, OID 98, 101 soft call for six months; up to $1.4 billion equivalent euro term B due January 2028 at Euribor plus 475 bps, 0% floor, OID 97.5 to 98, 101 soft call for six months; refinance existing U.S. and euro first-lien term loans; London-based K-12 schools platform.

WHITEWATER WHISTLER HOLDINGS LLC: $500 million seven-year senior secured term B (Ba2/BB+) talked at SOFR plus 325 bps to 350 bps, 0% floor, OID 98 to 99, 101 soft call for six months; Barclays, Blackstone, Goldman Sachs, Credit Suisse, Macquarie and MUFG; fund I Squared Capital’s acquisition of a 62.5% controlling equity stake in Whistler Pipeline LLC; natural gas pipeline.

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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