Bank Loan Calendar: $2.885 billion deals being marketed

Upcoming Closings

HOWDEN GROUP HOLDINGS LTD. (HYPERION REFINANCE SARL): Expected closing mid-April; $500 million seven-year incremental covenant-lite first-lien term B (B2) at SOFR plus 400 bps, 0.5% floor, OID 96, 101 soft call for six months; Morgan Stanley, JPMorgan, Barclays, RBC, Citigroup, HSBC, Lloyds, NatWest and ING; help fund pending and future acquisitions; London-based insurance intermediary group.

KOPPERS INC.: Expected closing mid-April; $400 million seven-year covenant-lite term B (Ba3/BB-/BB+) at SOFR+10 bps CSA plus 400 bps, 0.5% floor, OID 97, 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.

MELISSA & DOUG (MND HOLDINGS III CORP.): $325 million credit facilities; Credit Suisse; $65 million revolver; $260 million first-lien term loan due June 2026 talked at SOFR+15 bps CSA plus 550 bps, 1% floor, OID 95, 101 soft call for six months; extend existing credit facilities; Wilton, Conn., specialty toy brand with an educational focus.

TRICOR/VISTRA: $1.66 billion equivalent U.S. and euro incremental senior secured first-lien covenant-lite term B (B2//BB+) due June 2029 (may also include Hong Kong dollar tranches) talked at SOFR/Euribor plus 475 bps, 0% floor, OID 96 to 97, 101 soft call for six months; Goldman Sachs, Barclays, Deutsche Bank, HSBC, BNP Paribas, Citigroup, Credit Agricole, Morgan Stanley, MUFG and Nomura; support merger of Tricor and Vistra and prepay Vistra’s existing first-lien term Bs; Hong Kong-based fund and corporate services 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.

CVENT HOLDING CORP.: $1 billion credit facilities; Morgan Stanley, UBS and Citizens; $100 million revolver; $900 million term loan; help fund buyout by Blackstone; Tysons, Va., provider of meetings, events and hospitality technology.

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.

QUALTRICS: New debt financing; help fund buyout by Silver Lake and Canada Pension Plan Investment Board; Provo, Utah and Seattle, Wash.-based cloud-native software provider.

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.

UNIVAR SOLUTIONS INC.: $3.5 billion senior secured credit facilities; $1.4 billion asset-based revolver; $2.1 billion term loan; help fund buyout by Apollo; Downers Grover, Ill., specialty chemical and ingredient distributor.

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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