Bank Loan Calendar: $2.748 billion deals being marketed

July Lender Calls

LACKAWANNA ENERGY CENTER LLC: Lender call July 5; $945 million senior secured credit facilities; Morgan Stanley; $120 million revolver; $380 million six-year term B-2; $95 million six-year term C; $350 million privately placed fixed-rate term B-1; refinance existing debt and cash-collateralize letters of credit; combined-cycle natural gas-fired power plant located in Jessup, Pa.

Upcoming Closings

CYANCO INTERMEDIATE 2 CORP.: Expected closing early July; $420 million five-year covenant-lite term loan B (B2/B) at SOFR plus 475 bps, 1% 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.

SOLENIS: Expected closing 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.

UPFIELD: $883 million term B due January 2028 talked at SOFR plus 475 bps to 500 bps, OID 97.5, 101 soft call for six months; KKR, BNP Paribas, Citigroup, Credit Agricole, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, ING, Mizuho, RBC, Societe Generale and UniCredit; also €2.375 billion term B due January 2028 talked at Euribor plus 475 bps to 500 bps, OID 97.5, 101 soft call for six months; £656 million term B due January 2028 talked at Sonia plus 575 bps, OID 97, 101 soft call for six months; amend and extend; Amsterdam-based plant-based consumer product 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.

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.

BAUSCH + LOMB CORP.: New debt financing; JPMorgan; fund acquisition of Xiidra, libvatrep and AcuStream from Novartis; Vaughan, Ont., eye health company.

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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