Bank Loan Calendar: $13.048 billion deals being marketed

January Lender Calls

ATLAS AIR WORLDWIDE: Lender call Jan. 31; $800 million first-lien term B; 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.

NIELSENIQ: Lender call Jan. 31; $1.975 billion equivalent of term loans (B2); JPMorgan, UBS, BofA Securities, BMO, BNP Paribas, Fifth Third, HSBC, MUFG, RBC, Standard Chartered and Santander; $1.475 billion incremental term B due March 2028; $500 million equivalent euro incremental term B due March 2028; fund acquisition of GfK SE, repay revolver borrowings and general corporate purposes; Chicago-based information services company.

VARSITY BRANDS INC.: Lender call Jan. 31; minimum roughly $1.131 billion first-lien term B due December 2026 talked at SOFR+10 bps CSA plus 500 bps, 1% floor, OID 96.5, non-call two, 103, with a 101 carve-out for IPO proceeds or a concurrent refinancing; Jefferies; amend and extend; provider of sports, cheerleading and achievement-related products to schools.

Upcoming Closings

ALTICE FRANCE (NUMERICABLE): $4.26 billion term B-14 (B2/B) due August 2028 at SOFR 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; also €1.724 billion term loan B (B2/B) due August 2028 at Euribor plus 550 bps, 0% floor, OID 97 on 2025 term loans, OID 98 on 2026 term loans and new money, 101 soft call for one year; BNP Paribas, Goldman Sachs, Barclays, Credit Agricole, Natixis, Societe Generale, Morgan Stanley, BofA Securities, Citigroup, Credit Suisse, 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.

AMERICAN GREETINGS CORP.: Roughly $282 million senior secured first-lien term loan (Ba3/B+) due April 6, 2026 talked at SOFR plus 475 bps to 500 bps, 1% floor, OID 97, 101 soft call for six months; Barclays; amend and extend existing first-lien term loan; Cleveland-based provider of greeting cards, gift packaging, party goods, gifting products and digital offerings.

BOWLERO CORP.: $900 million term B (B1/B) due February 2028 talked at SOFR plus 375 bps to 400 bps, 0% floor, OID 98, 101 soft call for six months; JPMorgan and Wells Fargo; refinance an existing term loan, repay revolver borrowings and add cash to the balance sheet; Mechanicsville, Va., operator of bowling centers.

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.

DEL MONTE: $100 million add-on term B (B) due May 2029 talked at SOFR+CSA plus 425 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 98.56, 101 soft call for six months; Goldman Sachs; partially repay ABL borrowings; producer, distributor and marketer of plant-based food products.

FIRST BRANDS GROUP LLC: $250 million incremental senior secured first-lien term loan due March 30, 2027 talked at SOFR+CSA plus 500 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 1% floor, OID 96, 101 soft call through June 15, 2023; Jefferies; fund acquisitions; automotive aftermarket platform.

FRANCHISE GROUP INC.: $200 million add-on first-lien term loan (B1/B+) due March 10, 2026 talked at SOFR+CSA plus 475 bps, CSA is 11.4 bps one-month rate, 26.2 bps three-month rate and 42.8 bps six-month rate, 0.75% floor, OID 94 to 95, 101 soft call for six months; JPMorgan; repay ABL credit facility borrowings; Delaware, Ohio, owner and operator of franchised and franchisable businesses.

INDICOR (ROPER INDUSTRIAL PRODUCTS INVESTMENT CO. LLC): Roughly $1.23 billion first-lien term loan due Nov. 22, 2029 talked at SOFR plus 500 bps, 0.5% floor, OID 94, 101 soft call for one year; UBS (left on U.S.), BNP Paribas (left on euro), RBC, BMO, Mizuho, Natixis, TD Securities and Santander; also €300 million first-lien term loan due Nov. 22, 2029 talked at Euribor plus 500 bps to 525 bps, 0% floor, OID 93, 101 soft call for one year; also $300 million revolver due Nov. 22, 2027 and $475 million privately placed second-lien term loan due Nov. 22, 2030; used to help fund Clayton, Dubilier & Rice LLC’s already completed acquisition of a majority stake in the industrial products businesses of Roper Technologies Inc.; provider of products and services within three primary product categories: material preparation and testing, sensors and controls, and flow control.

MAUSER PACKAGING SOLUTIONS HOLDING CO.: $800 million term B (B2/B) due Aug. 15, 2026 at SOFR plus 400 bps, 25 bps step-down upon a B2 corporate family rating from Moody’s, no floor, OID 98.5, 101 soft call for six months; BofA Securities, BMO, Goldman Sachs, JPMorgan, KKR and Morgan Stanley; help refinance a term loan and senior secured notes; Oak Brook, Ill., supplier of rigid packaging products and services.

ZEST DENTAL SOLUTIONS (ZEST ACQUISITION CORP.): Expected closing early February; $320 million five-year senior secured covenant-lite first-lien term loan (B3/B) talked at SOFR plus 575 bps to 600 bps, two 25 bps step downs at 0.5x and 1x inside closing first-lien net leverage, 0% floor, OID 95, 101 soft call for six months; Citigroup, SVB, UBS, RBC and Jefferies; help refinance existing term loans; Carlsbad, Calif., developer, manufacturer and supplier of solutions to treat both natural teeth and implant supported restorations.

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.

CETERA FINANCIAL GROUP: Roughly $750 million incremental term loan; UBS; fund acquisition of retail wealth business of Securian Financial Group Inc.; San Diego-based network of financial professionals.

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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