Bank Loan Calendar: $10.061 billion deals being marketed

March Lender Calls

MITRATECH: Lender presentation March 14 (live Q&A March 15); $255 million of incremental credit facilities; Golub; $225 million incremental first-lien term loan; $30 million add-on revolver; fund two acquisitions; Austin, Tex., provider of legal matter management, compliance and operational risk software solutions for corporate in-house legal departments and law firms.

Upcoming Closings

AGILITI HEALTH: $1.375 billion credit facilities; JPMorgan; $300 million revolver due 2028; $1.075 billion seven-year term B talked at SOFR plus 300 bps to 325 bps, 0.5% floor, OID 99; refinance existing credit facilities; Eden Prairie, Minn., essential service provider to the U.S. health care industry.

ARCHROMA: $850 million equivalent U.S. and euro term B (B2/B) due June 2027; JPMorgan (left on U.S.), HSBC (left on euro) and BofA Securities; U.S. term B talked at SOFR+525 bps, one step-down, 0.5% floor, OID 95 to 96, 101 soft call for six months; euro term B talked at Euribor plus 500 bps, two step-downs, 0% floor, OID 95 to 96, 101 soft call for six months; refinance/extend the first lien U.S. and euro term B due August 2024 and capex facility, and general corporate purposes; Switzerland-based specialty chemicals producer.

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

INEOS ENTERPRISES HOLDINGS LTD.: €820 million equivalent U.S. and euro seven-year senior secured term B (Ba3/BB); Barclays, MUFG, NatWest, ABN Amro, Banco Santander, Fifth Third and JPMorgan; U.S. term loan talked at SOFR+10 bps CSA plus 400 bps to 425 bps, 0% floor, OID 98.5, 101 soft call for six months; euro term loan talked at Euribor plus 425 bps to 450 bps, 0% floor, OID 98.5, 101 soft call for six months; fund acquisition of MBCC Group’s Admixture business from Sika AG, refinance securitization facility drawings and retain additional liquidity; U.K.-based specialty and commodity chemical producer.

KOPPERS INC.: $400 million seven-year covenant-lite term B (Ba3/BB-/BB+) talked at SOFR+10 bps CSA plus 350 bps to 375 bps, 0.5% floor, OID 97.5 to 98, 101 soft call for six months; Wells Fargo, BofA Securities, Fifth Third, PNC, Citizens and Truist; help refinance notes; Pittsburgh-based provider of treated wood products, wood treatment chemicals and carbon compounds.

RENAISSANCE LEARNING INC.: $1.575 billion seven-year first-lien term loan (B2/B-) talked at SOFR plus 475 bps, 0.5% floor, OID 98, 101 soft call for six months; Barclays, Madison Capital, Macquarie, BMO, RBC, Jefferies and Nomura; refinance existing first-lien term loans; Wisconsin Rapids, Wis., provider of software solutions for assessment, teaching and learning to K-12 schools and districts.

RUSSELL INVESTMENTS: $1.16 billion first-lien term B due May 30, 2028 talked at SOFR plus 400 bps, 0.5% floor, OID 98, 101 soft call for six months; Barclays; help amend and extend existing first-lien term B; Seattle-based investment solutions provider.

TOPGOLF CALLAWAY BRANDS CORP.: $1.775 billion credit facilities; BofA Securities, JPMorgan, MUFG and Truist; $1.25 billion seven-year covenant-lite term B (B1/B+) at SOFR+10 bps CSA plus 350 bps, 25 bps step-down upon corporate family ratings upgrade to Ba3/BB-, 0% floor, OID 99, 101 soft call for six months; $525 million five-year ABL revolver; refinance existing bank debt and add cash to the balance sheet; Carlsbad, Calif., tech enabled modern golf and active lifestyle company.

UBER TECHNOLOGIES INC.: Expected closing March 14; $761 million seven-year add-on senior secured covenant-lite term B (Ba2/BB-) talked at SOFR plus 275 bps, 0% floor, OID 99.75, 101 soft call for six months; Morgan Stanley, Barclays, Citigroup, Goldman Sachs, JPMorgan, RBC, TD Securities, HSBC and Deutsche Bank; refinance existing term B; San Francisco-based online transportation network company.

U.S. SILICA HOLDINGS INC.: $950 million seven-year term B (B2/B+) talked at SOFR plus 475 bps, 0.5% floor, OID 97 to 98, 101 soft call for six months; BNP Paribas; help refinance existing term B; also getting new revolver; Katy, Tex., industrial minerals and logistics company.

VANTAGE SPECIALTY CHEMICALS INC.: Expected closing March 13 week; $835 million covenant-lite first-lien term B (B2/B-/B+) due Oct. 26, 2026 at SOFR plus 475 bps, 0.5% floor, OID 97, 101 soft call for six months; Morgan Stanley, Citigroup, KKR, RBC and MUFG; refinance existing first- and second-lien term loans; Chicago-based specialty chemicals company.

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.

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.

GENTIVA: New debt financing; Goldman Sachs, Deutsche Bank, UBS, BNP Paribas, Citizens, Truist and Wells Fargo; fund acquisition of Heartland hospice and home care agencies/locations from ProMedica; hospice, palliative and personal care company.

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.

SOLENIS: New debt financing; BofA Securities and Goldman Sachs; help fund acquisition of Diversey Holdings Ltd.; Wilmington, Del., manufacturer of specialty chemicals used in water-intensive industries.

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.

VISTRA OPERATIONS: New term loan debt; Citigroup, BMO and Mizuho; help fund acquisition of Energy Harbor Corp.; Irving, Tex., retail electricity and power generation company.

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