Bank Loan Calendar: $16.9747 billion deals being marketed

July Lender Calls

AVIENT CORP. INC.: Lender call July 28; roughly $832 million first-lien senior secured term B-7; Morgan Stanley; refinance existing term B-5 and term B-6; Avon Lake, Ohio, provider of specialized and sustainable material solutions.

H.B. FULLER CO.: Lender call July 31; $798 million first-lien term B due February 2030 talked at SOFR plus 225 bps, 0.5% floor, OID 99.5 to 99.75, 101 soft call for six months; JPMorgan; repricing; St. Paul, Minn., industrial adhesives, sealants, coatings and specialty materials company.

Upcoming Closings

ARCONIC CORP.: $2.625 billion senior secured credit facilities; JPMorgan, Wells Fargo, Apollo, BMO, Mizuho, TD Securities, Citigroup, Citizens, Fifth Third, Standard Chartered and Truist; $1.2 billion five-year asset-based revolver; $1.425 billion seven-year term B (Ba3/B+/BB+) at SOFR plus 450 bps, 25 bps step-down when net total leverage is below 2.75x, 0% floor, OID 99, 101 soft call for six months; help fund buyout by Apollo Global Management Inc.; Pittsburgh-based provider of aluminum sheet, plate, and extrusions, as well as architectural products.

ASURION LLC: $550 million add-on term B-11 due Aug. 19, 2028 talked at SOFR+10 bps CSA plus 425 bps, 0% floor, OID 95 area, 101 soft call for six months; BofA Securities; help refinance term B-7; Nashville-based provider of insurance for smartphones, tablets, consumer electronics, appliances, satellite receivers and jewelry.

BANGL LLC: $350 million 5½-year senior secured term B (B2/BB-/BB) at SOFR plus 450 bps, 0% floor, OID 98, 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.

COADVANTAGE (AQ CARVER BUYER INC.): $550 million six-year term B (B2/B) talked at SOFR+10 bps CSA plus 550 bps to 575 bps, 1% floor, OID 98, 101 hard call for one year; Deutsche Bank, Antares Capital and Goldman Sachs; refinance first- and second-lien debt and pay a dividend; Tampa, Fla., professional employer organization and a provider of strategic human resource solutions.

CURIUM BIDCO SARL: $1.066 billion term B (B3//B+) due July 2029 talked at SOFR plus 475 bps, 25 bps step-down at 3.5x senior secured net leverage, 0% floor, OID 98.5, 101 soft call for six months; JPMorgan (sole physical on U.S.) and Deutsche Bank (sole physical on euro); also €300 million term B (//B+) due July 2029 talked at Euribor plus 475 bps, 25 bps step-downs at 3.5x and 3x senior secured net leverage, 0% floor, OID 98.5, 101 soft call for six months; amend and extend; nuclear medicine company with headquarters in London and Paris.

ENLYTE: $150 million add-on first-lien term loan (B-) due October 2028 talked at SOFR+CSA plus 375 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 0.5% floor, OID 97.5 to 98; Stone Point and KKR; repay revolver borrowings, general corporate purposes and fund potential acquisitions; San Diego-based provider of claims software and technology-enabled solutions to the workers’ compensation and auto insurance industries.

FORTRESS INVESTMENT GROUP FINCO I LLC: $800 million covenant-lite term B due June 2028 (Ba1/BB/BB) talked at SOFR plus 300 bps, 0% floor, OID 99, 101 soft call for six months; Deutsche Bank and Goldman Sachs; amend and extend existing term B and fund future acquisitions; alternative investment management firm.

GENERATION BRIDGE NORTHEAST LLC: $950 million credit facilities (Ba2/BB); Jefferies, MUFG, Goldman Sachs, BMO, Investec and ArcLight; $100 million five-year revolver; $850 million six-year senior secured term B talked at SOFR+10 bps CSA plus 425 bps to 450 bps, 0% floor, OID 98, 101 soft call for six months; repay all outstanding debt at Generation Bridge II LLC, fund a distribution, and for working capital and letters of credit; owner of power generation facilities.

INVENERGY THERMAL OPERATING I LLC: $500 million credit facilities (Ba2); MUFG, BofA Securities and BMO; $150 million five-year revolver; $325 million six-year term B talked at SOFR+CSA plus 450 bps to 475 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 1% floor, OID 97, 101 soft call for six months; $25 million six-year term C talked at SOFR+CSA plus 450 bps to 475 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 1% floor, OID 97, 101 soft call for six months; refinance existing debt and prefund letters of credit; Chicago-based developer, owner and operator of sustainable energy solutions.

J&J VENTURES GAMING INC.: $375 million incremental covenant-lite term B (B2/B) due April 26, 2028 talked at SOFR+CSA plus 400 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 0.75% floor, OID 97 to 97.5, 101 soft call for six months; Deutsche Bank, Goldman Sachs and SMBC; fund the acquisition of Golden Entertainment’s distributed gaming assets in Nevada and Montana; Effingham, Ill., video gaming terminal operator.

JONES DESLAURIERS INSURANCE MANAGEMENT INC. (NAVACORD): $350 million first-lien term B (B2/B-/B+) due March 16, 2030 talked at SOFR plus 425 bps, 25 bps step-down at B2/B ratings, 0% floor, OID 99, 101 soft call for six months; BofA Securities; refinance existing first-lien Canadian term loan due March 2028 and for general corporate purposes; Mississauga, Ont.-based commercial insurance broker.

KDC/ONE: $991.7 million equivalent U.S. and euro five-year first-lien term loan (B3/B-/B) talked at SOFR plus 500 bps/Euribor plus 525 bps, 0% floor, OID 96 to 97, 101 soft call for six months; UBS, Morgan Stanley, BMO, JPMorgan, Goldman Sachs, Deutsche Bank, Citizens, Natixis, RBC and KKR; help refinance existing first-lien credit facilities; Longueuil, Quebec, provider of value-added solutions to brands in the home care and beauty and personal care categories.

LACKAWANNA ENERGY CENTER LLC: Expected closing July 31 week; $932 million senior secured credit facilities (Ba3/BB-); Morgan Stanley, BMO, BNP Paribas and MUFG; $120 million revolver; $380 million six-year term B-2 at SOFR plus 500 bps, 0.5% floor, OID 97, 101 soft call for one year; $82 million six-year term C at SOFR plus 500 bps, 0.5% floor, OID 97, 101 soft call for one year; $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.

LEGENCE HOLDINGS LLC: $155 million incremental first-lien term loan due Dec. 16, 2027 at SOFR+10 bps CSA plus 375 bps, 0.75% floor, OID 99.25; Jefferies, Societe Generale, BMO, MUFG and Blackstone; general corporate purposes including to fund future acquisitions; San Jose, Calif.-based specialty mechanical, electrical and plumbing services provider.

OMNIA PARTNERS LLC: Expected closing early August; $2.03 billion credit facilities (B2/B); Barclays, Fifth Third, Brinley, BNP Paribas, Citizens, UBS, Jefferies and Golub; $250 million revolver; $1.65 billion seven-year first-lien term loan at SOFR plus 425 bps, 25 bps step-down at 1x inside closing date consolidated first-lien net leverage, 0% floor, OID 99, 101 soft call for six months; $155 million first-lien delayed-draw term loan at SOFR plus 425 bps, 25 bps step-down at 1x inside closing date consolidated first-lien net leverage, 0% floor, OID 99; fund acquisition of Premier Inc.’s non-healthcare group purchasing organization operations, refinance existing debt and general corporate purposes; Franklin, Tenn., non-health care group purchasing organization.

ORYX MIDSTREAM SERVICES PERMIAN BASIN LLC: Roughly $1.85 billion senior secured term B due Oct. 5, 2028 talked at SOFR+CSA plus 300 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 25 bps step-down at 4.5x total net leverage, 0.5% floor, issue price par, 101 soft call for six months; Barclays; repricing; Midland, Tex., midstream crude oil logistics provider in the Permian Basin.

SOFTWARE AG (MOSEL BIDCO SE): €1 billion equivalent seven-year U.S. (minimum $400 million) and euro term loan (B2/B/BB-); JPMorgan, Banco Santander and Citigroup; U.S. term loan talked at SOFR plus 500 bps, 25 bps step-down at 3.5x senior secured net leverage, 0.5% floor, OID 97, 101 soft call for six months; euro term loan talked at Euribor plus 500 bps, 25 bps step-downs at 3.5x, 3x and 2.5x senior secured net leverage, 0% floor, OID 97, 101 soft call for six months; help fund buyout by Silver Lake; Darmstadt, Germany, software company.

VERITEXT: $720 million seven-year term B (B2/B) talked at SOFR plus 450 bps, 25 bps step-down at 0.5x inside closing date first-lien net leverage and 25bps step-down upon an IPO, 0.5% floor, OID 97 to 97.5, 101 soft call for six months; Goldman Sachs, JPMorgan, BNP Paribas, Jefferies, Macquarie Capital and KKR; help refinance existing capital structure and add cash to the balance sheet; Livingston, N.J., deposition service provider, assisting law firms and corporations in facilitating litigation proceedings.

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.

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.

EVERTEC INC.: $600 million in one or more incremental term B loans; Truist; help fund acquisition of Sinqia; Puerto Rico-based full-service transaction processing company.

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.

HERITAGE-CRYSTAL CLEAN INC.: New debt financing; Jefferies and SMBC; help fund buyout by J.F. Lehman & Co.; Hoffman Estates, Ill., provider of parts cleaning, hazardous and non-hazardous waste services, used oil re-refining, antifreeze recycling, industrial and field services, and emergency and spill response services.

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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