Bank Loan Calendar: $8.984 billion deals being marketed

July Lender Calls

BANGL LLC: Lender call July 17; $350 million seven-year senior secured term B (BB-), 101 soft call for six months; Barclays and Investec; support the construction of the Bangl expansion; pipeline system that transports NGL barrels from the Permian to Gulf Coast fractionation and purity markets.

Upcoming Closings

CENTROMOTION (LSF12 BADGER BIDCO LLC): $450 million first-lien term B (B2/B) due 2030 talked at SOFR plus 600 bps, 0% floor, OID 95.5 to 96.5, 101 soft call for six months; JPMorgan; help fund buyout by Lone Star Funds from One Rock Capital Partners, refinance existing term B and general corporate purposes; Waukesha, Wis., designer and manufacturer of highly engineered systems and solutions for industrial and transportation applications.

GODADDY INC.: $1.761 billion term B-5 (Ba1/BB) due November 2029 at SOFR plus 250 bps, 0% floor, issue price par, 101 soft call for six months; RBC, HSBC, Wells Fargo, BNP Paribas, Morgan Stanley, JPMorgan, Barclays, Goldman Sachs and Deutsche Bank; repricing; Tempe, Ariz., provider of web hosting and domain names.

IQ-EQ (SAPHILUX SARL): €1.1 billion equivalent U.S. and euro first-lien term B (minimum $500 million tranche and minimum €500 million tranche) (B3) due July 2028; Nomura, Deutsche Bank, HSBC, NatWest and Morgan Stanley; U.S. term loan talked at SOFR plus 475 bps to 500 bps, 0.5% floor, OID 98; euro term loan talked at Euribor plus 475 bps to 500 bps, 0% floor, OID 98; also privately placed sterling term loan; amend and extend U.S., euro and sterling term loans, repay some U.S. and sterling second-lien term loans, general corporate purposes and fund acquisition activity; investor services and independent fund specialist.

LACKAWANNA ENERGY CENTER LLC: $945 million senior secured credit facilities (Ba3/BB-); Morgan Stanley, BMO, BNP Paribas and MUFG; $120 million revolver; $380 million six-year term B-2 talked at SOFR plus 500 bps, 0.5% floor, OID 97, 101 soft call for six months; $95 million six-year term C talked at SOFR plus 500 bps, 0.5% floor, OID 97, 101 soft call for six months; $350 million privately placed term B-1 at 9.5% fixed-rate, non-call two, 101; refinance existing debt and cash-collateralize letters of credit; combined-cycle natural gas-fired power plant located in Jessup, Pa.

ODYSSEY LOGISTICS & TECHNOLOGY CORP.: $626 million credit facilities (B2/B); UBS, Credit Suisse, JPMorgan, RBC, Citizens and KeyBanc; $125 million revolver; $501 million first-lien term loan due October 2027 talked at SOFR plus 475 bps, 0.5% floor, OID 96.5 to 97.5, 101 soft call for six months; amend and extend; Danbury, Conn., provider of multi-modal logistics services and technology solutions.

OMNIA PARTNERS LLC: $2.03 billion credit facilities (B2/B); Barclays, Fifth Third, Brinley, BNP Paribas, Citizens, UBS, Jefferies and Golub; $250 million revolver; $1.625 billion seven-year first-lien term loan talked at SOFR plus 450 bps to 475 bps, 0% floor, OID 97.5 to 98, 101 soft call for six months; $155 million first-lien delayed-draw term loan talked at SOFR plus 450 bps to 475 bps, 0.5% floor, OID 97.5 to 98; fund acquisition of Premier Inc.’s non-healthcare group purchasing organization operations, refinance existing debt and general corporate purposes; Franklin, Tenn., non-healthcare group purchasing organization.

ONE TORONTO GAMING: $800 million seven-year term B (B2/B/BB+) talked at SOFR plus 425 bps to 450 bps, 25 bps step-down at first-lien net covenant adjusted leveraged of 2.25x and 25 bps step-down upon an IPO, 0.5% floor, OID 97.5 to 98, 101 soft call for six months; Barclays; help refinance existing capital structure and general corporate purposes; gaming, entertainment and hospitality company located in the greater Toronto area.

ONTIC (BLERIOT US BIDCO INC.): Up to $1.022 billion credit facilities (B2/B); Nomura, Barclays, Macquarie and KKR; $85 million revolver due July 2028; up to $937 million covenant-lite first-lien term loan B (including $100 million incremental) due October 2028 talked at SOFR+CSA plus 425 bps, CSA is 11.4 bps one-month rate, 26.2 bps three-month rate and 42.8 bps six-month rate, 0% floor, OID 99 to 99.5, 101 soft call for six months; extend existing credit facilities, repay revolver borrowings and general corporate purposes; provider of OEM-licensed parts and aftermarket services for mature aerospace and defense platforms.

RISK STRATEGIES CO.: $500 million unitranche incremental delayed-draw term loan talked at SOFR plus 600 bps, 0.75% floor, OID 98, 101 call protection for one year; Golub; support ongoing acquisition opportunities; Boston-based insurance brokerage firm.

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.

WORLDPAY: New debt financing; JPMorgan, Goldman Sachs, Citigroup, Wells Fargo, Deutsche Bank and UBS; help fund buyout of a majority stake by GTCR from Fidelity National Information Services Inc. (FIS); provider of payment processing solutions.

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