Bank Loan Calendar: $11.076 billion deals being marketed

Upcoming Closings

CYANCO INTERMEDIATE 2 CORP.: $420 million five-year covenant-lite term loan B (B2/B) talked at SOFR plus 475 bps to 500 bps, 0% floor, OID 97, 101 soft call for six months; Deutsche Bank, Morgan Stanley, RBC and Societe Generale; refinance existing term B; Sugar Land, Tex., supplier of sodium cyanide and a pure play provider of both liquid and solid-form NaCN.

EG GROUP: $2.791 billion first-lien term B due February 2028 talked at SOFR plus 525 bps to 550 bps, 0.5% floor, OID 96 to 97; Barclays, JPMorgan, Deutsche Bank, Rabobank, BofA Securities, Goldman Sachs, HSBC, ING, Lloyds, Morgan Stanley, SMBC and UBS; also €2.117 billion first-lien term B due February 2028 talked at Euribor plus 525 bps to 550 bps, 0% floor, OID 96 to 97; £600 million first-lien term B due February 2028 talked at Sonia plus 625 bps to 650 bps, 0% floor, OID 96; A$378 million first-lien term B due February 2028 talked at BBSY plus 525 bps to 550 bps, 0% floor, OID 96 to 97; amend and extend; Blackburn, U.K., convenience retail and fuel station company.

FORTREA: Expected closing late June; $1.52 billion credit facilities (Ba3/BB/BB+); Goldman Sachs, Barclays, BofA Securities, Citigroup, JPMorgan, MUFG, PNC and Wells Fargo; $450 million revolver; $500 million term A; $570 million seven-year term B at SOFR plus 375 bps, 25 bps step-down at 3.2x first-lien net leverage, 0.5% floor, OID 98.5, 101 soft call for six months; help fund spin-off from Labcorp; Durham, N.C., contract research organization providing phase I through IV biopharmaceutical product and medical devices services.

HELIX GEN FUNDING LLC: $700 million senior secured term loan due Dec. 31, 2027 talked at SOFR plus 450 bps to 475 bps, 0.5% floor, OID 98, 101 soft call for six months; Barclays, Goldman Sachs, RBC, BMO, MUFG, Mizuho and SMBC; amend and extend existing term B; power producer.

HERITAGE GROCERS GROUP: $460 million add-on term B (B2/B) due Aug. 1, 2029 talked at SOFR+10 bps CSA plus 675 bps, 0.75% floor, OID 97, 101 hard call until August; RBC, Wells Fargo, Rabobank, Natixis, BMO, Deutsche Bank, Jefferies and Nomura; help fund acquisition of El Rancho Supermercado; Ontario, Calif., Hispanic-focused specialty grocer.

HOSTESS BRANDS INC.: $985 million seven-year term loan (B1/BB) talked at SOFR plus 275 bps to 300 bps, 0.5% floor, OID 98.5, 101 soft call for six months; JPMorgan; refinance existing term loan; Lenexa, Kan., packaged food company.

INEOS ENTERPRISES HOLDINGS LTD.: €650 million equivalent U.S and euro seven-year senior secured term B (Ba3/BB/BB+); Barclays, MUFG, NatWest, ABN Amro, Banco Santander, Fifth Third and JPMorgan; U.S. term B talked at SOFR+10 bps CSA plus 400 bps to 425 bps, 0% floor, OID 98 to 98.5; euro term B talked at Euribor plus 400 bps to 425 bps, 0% floor, OID 98 to 98.5; refinance initial U.S. term B, and working capital and general corporate purposes; U.K.-based specialty and commodity chemical producer.

SOLENIS: Expected close early July; $500 million incremental term B (B3/B-) due Nov. 9, 2028 at SOFR plus 500 bps, 0.5% floor, OID 95, 101 soft call for six months; Goldman Sachs, BofA Securities, BMO, HSBC, Deutsche Bank, Citigroup, Macquarie and Nomura; help fund acquisition of Diversey Holdings Ltd.; Wilmington, Del., manufacturer of specialty chemicals used in water-intensive industries.

UNIVAR SOLUTIONS INC.: $3.7 billion equivalent senior secured credit facilities; JPMorgan, Apollo, BMO, BNP Paribas, Credit Suisse, HSBC, Mizuho, RBC, Wells Fargo, TD Securities and Fifth Third; $1.4 billion asset-based revolver; $1.75 billion seven-year term B (B2/B+/BB+) talked at SOFR plus 450 bps, 0% floor, OID 97 to 97.5, 101 soft call for six months; $550 million euro equivalent seven-year term B (B2/B+/BB+) talked at Euribor plus 450 bps, 0% floor, OID 97 to 97.5, 101 soft call for six months; help fund buyout by Apollo and refinance existing debt; Downers Grover, Ill., specialty chemical and ingredient distributor.

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.

ARCONIC CORP.: $2.2 billion senior secured credit facilities; JPMorgan and Wells Fargo; $1.2 billion asset-based revolver; $1 billion term loan; help fund buyout by Apollo Global Management Inc.; Pittsburgh-based provider of aluminum sheet, plate, and extrusions, as well as architectural products.

BIOPHARMA SOLUTIONS: New debt financing; help fund buyout by Advent International and Warburg Pincus from Baxter International Inc.; provider of sterile contract manufacturing solutions, parenteral delivery systems and customized support services to the pharma and biotech industries.

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.

SYNEOS HEALTH INC.: $2.7 billion senior secured credit facilities; Goldman Sachs, UBS, RBC, BMO, HSBC, Wells Fargo, Citigroup, Jefferies, Macquarie, Natixis and Truist; $500 million revolver; $2.2 billion term loan; help fund buyout by Elliott Investment Management, Patient Square Capital and Veritas Capital; Morrisville, N.C., biopharmaceutical solutions organization.

TEMPUR SEALY INTERNATIONAL INC.: New debt financing; help fund acquisition of Mattress Firm Group Inc. and repay Mattress Firm’s outstanding debt; Lexington, Ky., designer, manufacturer, distributor and retailer of bedding products.

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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