Bank Loan Calendar: $8.11 billion deals being marketed

April Lender Calls

BELFOR HOLDINGS INC.: Lender call April 17; $300 million add-on term loan due 2026 talked at SOFR plus 425 bps, 0.5% floor; JPMorgan; repay revolver borrowings and general corporate purposes; Birmingham, Mich., disaster recovery and property restoration company.

Upcoming Closings

IMAGEFIRST HOLDINGS LLC: $100 million add-on term loan talked at SOFR+CSA plus 550 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 97, 101 soft call for six months; Antares; general corporate purposes and acquisition activity; King of Prussia, Pa., provider of linen, laundry, and safety and hygiene services specializing in the health care industry.

INTERNET BRANDS: $4.741 billion five-year first-lien term loan (B1/B) talked at SOFR plus 425 bps, 0.5% floor, OID 97.5, 101 soft call for six months; RBC and KKR; refinance existing first-lien term loans; El Segundo, Calif., provider of software as a service and traffic driven marketplace/media offerings across health, legal, dental and media verticals.

OPTIV INC.: $725 million first-lien term loan due August 2026 (B3/B-) talked at SOFR plus 500 bps to 525 bps, 1% floor, OID 96.5, 101 soft call for six months; Jefferies and KKR; help refinance existing debt and fund acquisition of ClearShark LLC; Denver-based pureplay cyber security solutions provider.

PDC WELLNESS & PERSONAL CARE (PARFUMS HOLDING CO. INC): $694 million credit facilities (B3/B-); Nomura and Macquarie; $39 million revolver due March 2026; $655 million covenant-lite first-lien term loan due June 2026 at SOFR+CSA plus 600 bps, step-up to SOFR plus 650 bps if net total leverage is greater than 5.25x upon the delivery of fiscal year 2023 financials, CSA is 11.4 bps one-month rate, 26.2 bps three-month rate and 42.8 bps six-month rate, 1.5% floor, OID 94 for new money, 600 bps extension fee for existing lenders, hard call 102, 101; extension of existing revolver and first-lien term loan; Stamford, Conn., wellness and personal care products company.

QUALTRICS: $1.2 billion seven-year term B (B1/B/BB+) at SOFR plus 350 bps, 25 bps step-down upon an IPO, 0% floor, OID 99, 101 soft call for six months; JPMorgan, BMO, Citigroup, Credit Suisse, Deutsche Bank, KKR, Mizuho, RBC, UBS and Wells Fargo; help fund buyout by Silver Lake and Canada Pension Plan Investment Board; Provo, Utah, and Seattle-based cloud-native software provider.

THE SIMPLY GOOD FOODS CO.: $350 million senior secured term B due March 17, 2027 (Ba3/BB+) talked at SOFR+CSA plus 275 bps to 300 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99, 101 soft call for six months; Barclays, BMO, Deutsche Bank and Goldman Sachs; amend and extend existing term B; Denver-based developer, marketer and seller of branded nutritional foods and snacking products.

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.

GARRETT MOTION INC.: $700 million term B; fund the repurchase of series A cumulative convertible preferred stock; Rolle, Switzerland, provider of passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions.

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: $750 million incremental term loan due Nov. 9, 2028; 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.

TESSCO TECHNOLOGIES INC.: New debt financing; Wells Fargo; help fund buyout by Lee Equity Partners and Twin Point Capital; Hunt Valley, Md., technology distributor, manufacturer and solutions provider serving commercial customers in the wireless infrastructure ecosystem.

UNIVAR SOLUTIONS INC.: $3.5 billion senior secured credit facilities; JPMorgan; $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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