Bank Loan Calendar: $21.126 billion deals being marketed

February Lender Calls

UGI ENERGY SERVICES LLC: Lender call Feb. 10; $800 million seven-year senior secured term B (//BB+) talked at SOFR+10 bps CSA plus 325 bps, 0% floor, OID 99, 101 soft call for six months; Credit Suisse; refinance existing term loan and other debt; Wyomissing, Pa., diversified midstream and energy marketing services company.

Upcoming Closings

AGGREKO LLC: $300 million incremental term loan (B1) due Aug. 17, 2026 talked at SOFR plus 550 bps, 0.5% floor, OID 94, 101 soft call for six months; Barclays, Goldman Sachs and HSBC; also €130 million add-on term loan (B1) due August 2026 talked at Euribor plus 525 bps, 0% floor, OID 96.5 to 97; refinance some debt, including debt related to the acquisition of Resolute Industrial from AE Industrial Partners LP; Glasgow, U.K., provider of mobile power, heating and cooling solutions.

ALLIANT HOLDINGS: $1.25 billion term B-5 (B2/B) due 2027 at SOFR plus 350 bps, 0.5% floor, OID 99.5, 101 soft call for six months; JPMorgan, Morgan Stanley, SPC, Capital One, Truist, RBC, BofA Securities, Fifth Third, Goldman Sachs, KKR, Macquarie and R. Seelaus; help refinance term B1 and term B-2, and general corporate purposes; Newport Beach, Calif., specialty insurance brokerage firm.

AMWINS GROUP INC.: $850 million incremental term B (Ba3/B+) due February 2028 talked at SOFR +10 bps CSA plus 300 bps, 0.75% floor, OID 98 to 98.5, 101 soft call for six months; Goldman Sachs; help fund a dividend to shareholders; Charlotte, N.C., specialty insurance broker.

AMYNTA: $1.04 billion term B (B-) due Feb 28, 2028 talked at SOFR plus 500 bps, 0% floor, OID 96.5 to 97, 101 soft call for six months; BofA Securities, Barclays, BMO, Deutsche Bank, Jefferies LLC and others; repay first-lien term loans due 2025; New York-based insurance services company.

ARCLIGHT GCX (AL GCX HOLDINGS LLC): $615 million senior secured term B due May 18, 2029 talked at SOFR+CSA plus 350 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99.75 for new money, issue price par for existing, 101 soft call for six months; Barclays; repricing; new-build 450-mile Permian natural gas pipeline.

ASURION LLC: $1 billion term B-11 (Ba3/B+) due Aug. 19, 2028 talked at SOFR+10 bps CSA plus 425 bps, 0% floor, OID 94, 101 soft call for six months; BofA Securities, Morgan Stanley, Goldman Sachs, Barclays, Deutsche Bank and Credit Suisse; help partially refinance existing term B-7; Nashville, Tenn., provider of insurance for smartphones, tablets, consumer electronics, appliances, satellite receivers and jewelry.

ATLAS AIR WORLDWIDE: $800 million seven-year first-lien term B (Ba1/BB/BB+) at SOFR plus 425 bps, 0% floor, OID 97, 101 soft call for six months; 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.

CASTLELAKE AVIATION: $635 million incremental first-lien term B (/BB/BB+) due October 2027 talked at SOFR plus 300 bps, 0.5% floor, OID 98.5, 101 soft call for six months; Goldman Sachs; refinance existing debt and general corporate purposes; Dublin, Ireland, provider of aircraft financing, leasing and servicing solutions.

CONFLUENT HEALTH LLC: $125 million incremental term loan (B3/B-) due November 2028; Macquarie; fund an acquisition; Louisville, Ky., outpatient physical therapy provider.

HANESBRANDS INC.: $750 million seven-year term B (Ba2/BB+) talked at SOFR plus 400 bps, 0.5% floor, OID 97 to 98, 101 soft call for six months; JPMorgan; help refinance notes; Winston-Salem, N.C., marketer of everyday basic apparel.

INEOS GROUP HOLDINGS: $1.2 billion term B (Ba2/BB) due February 2030 at SOFR+10 bps CSA plus 350 bps, 0% floor, OID 99, 101 soft call for one year; Barclays, BNP Paribas (on euro only), Citigroup (on euro only), Goldman Sachs, HSBC, ING, China Construction Bank, Credit Agricole, First Abu Dhabi, Industrial and Commercial Bank of China, Mizuho, MUFG and Santander; also €700 million add-on term B (Ba2/BB) due November 2027 at Euribor plus 400 bps, 0% floor, OID 98.5, 101 soft call until November 2023; raising €2.6 billion equivalent between the term loans and other secured debt to repay term loan Bs due 2024 and general corporate purposes; London-based chemicals company.

INSPIRE BRANDS INC. (IRB HOLDINGS CORP.): $1.75 billion senior secured first-lien term B-3 (B2/B+) due Dec. 15, 2027 at SOFR+CSA plus 300 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID roughly 99.03, 101 soft call for six months; Barclays; help refinance term B-1; Atlanta-based multi-brand restaurant company.

NIELSENIQ: $1.975 billion equivalent of term loans (B2/B); 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 talked at SOFR plus 600 bps, 0.5% floor, OID 92 to 93, 101 soft call for six months; $500 million equivalent euro incremental term B due March 2028 talked at Euribor plus 600 bps, 25 bps step-downs at 0.5x and 1x inside opening first-lien net leverage, 0% floor, OID 92 to 93, 101 soft call for six months; fund acquisition of GfK SE, repay revolver borrowings and general corporate purposes; Chicago-based information services company.

PAR PETROLEUM LLC: $550 million seven-year covenant-lite term B (B1/BB) talked at SOFR+10 bps CSA plus 425 bps, 0.5% floor, OID 97 to 98, 101 soft call for six months; Wells Fargo, BofA Securities and MUFG; refinance notes and existing term B, and general corporate purposes; Houston-based refiner, marketer and distributor of crude oil.

TRANSDIGM INC.: Up to $4.825 billion first-lien term I (Ba3) due August 2028 talked at SOFR plus 325 bps, 0% floor, OID 99, 101 soft call for one year; Goldman Sachs; help refinance/extend first-lien term E due May 2025 and first-lien term F due December 2025; Cleveland-based supplier of highly engineered aircraft components for use on commercial and military aircraft.

TRAVERSE MIDSTREAM PARTNERS LLC: $1.28 billion five-year term B (B2/B+) talked at SOFR+10 bps CSA plus 400 bps, 0.5% floor, OID 98.5 to 99, 101 soft call for six months; JPMorgan; repay existing term B and super senior revolver borrowings; owner of midstream assets.

UNITED TALENT AGENCY: $250 million incremental term B (B2/B+) due July 2028 at SOFR+CSA plus 400 bps, CSA is roughly 11 bps one-month rate, 26 bps three-month rate and 43 bps six-month rate, 0.75% floor, OID 98.789, 101 soft call for six months; JPMorgan, BofA Securities and MUFG; pay down revolver borrowings and add cash to the balance sheet; Los Angeles-based talent and entertainment company.

VARSITY BRANDS INC.: $1.131 billion first-lien term B (B2/B+) due Dec. 15, 2026 at SOFR+CSA plus 500 bps, CSA is 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 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.

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.: New senior secured credit facilities; Goldman Sachs, Deutsche Bank, Barclays and Wells Fargo; revolver; 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.

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