Bank Loan Calendar: $17.0369 billion deals being marketed

August Lender Calls

ADVISOR GROUP HOLDINGS INC. (OSAIC HOLDINGS INC.): Lender call Aug. 2; roughly $1.648 billion first-lien term loan (including $200 million incremental) due August 2028, 101 soft call for six months; UBS; extend existing term loan and general corporate purposes; also extending existing revolver to May 2028; provider of a multi-custodial, wealth management model for financial advisors.

CONSILIO: Lender call Aug. 2; $200 million add-on first-lien term loan; KKR and Stone Point; fund acquisition of Oxo; Washington, D.C., provider of eDiscovery and document review solutions.

DURAVANT LLC (ENGINEERED MACHINERY HOLDINGS INC.): Lender call Aug. 2; $125 million incremental first-lien term loan due May 21, 2028 talked at SOFR+CSA plus 350 bps, 25 bps step-up at more than 5x senior secured first-lien net leverage, 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 99.03; Jefferies; repay revolver borrowings and add cash to the balance sheet; Downers Grove, Ill., automation solutions company providing highly engineered equipment and related aftermarket parts and services.

Upcoming Closings

ACCESS CIG LLC: $1.125 billion five-year first-lien term loan (B2/B) talked at SOFR plus 500 bps, 0.5% floor, OID 97 to 97.5, 101 soft call for six months; Jefferies, Macquarie, Nomura and Golub; also new revolver; refinance existing revolver and first-lien term loan; Livermore, Calif., provider of records and information management solutions for highly regulated industries.

AVIENT CORP. INC.: $832 million first-lien senior secured covenant-lite term B-7 (Ba1/BB+) due Aug. 29, 2029 talked at SOFR plus 250 bps, 0.5% floor, OID 99.75 for existing term B-5 lenders and new money, issue price par for existing term B-6 lenders, 101 soft call for six months; Morgan Stanley, JPMorgan and Citigroup; refinance existing term B-5 and term B-6; Avon Lake, Ohio, provider of specialized and sustainable material solutions.

BARNES GROUP INC.: $600 million seven-year term B (Ba3/BB) talked at SOFR+10 bps CSA plus 350 bps, 0% floor, OID 98.5 to 99, 101 soft call for six months; BofA Securities, Citizens, JPMorgan, Wells Fargo, PNC, TD Securities, Truist, HSBC and US Bank; help fund acquisition of MB Aerospace and general corporate purposes; Bristol, Conn., developer of advanced processes, automation solutions and applied technologies for industries ranging from medical and personal care to mobility, packaging, and aerospace.

CARNIVAL CORP.: $1.304 billion senior secured first-lien term loan B (BB-) due 2027 at SOFR plus 300 bps, 0.75% floor, OID 99.5, 101 soft call for six months; JPMorgan; help repay existing first-priority senior secured term loan; Miami-based cruise operator.

CHARTER NEXT GENERATION INC.: $140 million add-on term loan B due 2027 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, 0.75% floor, OID 99.04; KKR; repay senior unsecured PIK notes; Milton, Wis., producer of specialty films used in flexible packaging and other end-use markets.

CHEMOURS CO.: $960 million five-year term B (BBB-) talked at SOFR plus 325 bps to 350 bps, 0.5% floor, OID 98.5, 101 soft call for six months; JPMorgan; also €515 million five-year term B (BBB-) talked at Euribor plus 375 bps to 400 bps, 0% floor, OID 98.5, 101 soft call for six months; refinance existing U.S. and euro term loans, pre-fund a legal settlement and general corporate purposes; Wilmington, Del., provider of performance chemicals.

CROCS INC.: Expected closing Aug. 7 week; $1.18 billion senior secured covenant-lite term B (Ba2/BB-) due Feb. 19, 2029 talked at SOFR plus 300 bps to 325 bps, 0.5% floor, issue price par, 101 soft call for six months; Citigroup; repricing; Broomfield, Colo., casual footwear company.

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 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; 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.

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.

GREYSTAR REAL ESTATE PARTNERS: $400 million seven-year first-lien term loan (BB-) talked at SOFR plus 375 bps to 400 bps, 0.5% floor, OID 98, 101 soft call for six months; JPMorgan, Capital One, Wells Fargo and BofA Securities; redeem notes, repay revolver borrowings and general corporate purposes; Charleston, S.C., real estate company.

H.B. FULLER CO.: $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.

INSTALLED BUILDING PRODUCTS INC.: $492.5 million term B (Ba2/BB+) due Dec. 14, 2028 talked at SOFR plus 200 bps, 0.5% floor, issue price par, 101 soft call for six months; RBC; repricing; Columbus, Ohio, installer of insulation and complementary building products.

INVENERGY THERMAL OPERATING I LLC: $500 million credit facilities (Ba2/BB-); 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.

KDC/ONE: Roughly $1 billion equivalent U.S. and euro term loan debt (B3/B-/B); UBS, Morgan Stanley, BMO, JPMorgan, Goldman Sachs, Deutsche Bank, Citizens, Natixis, RBC and KKR; $600 million five-year first-lien term loan at SOFR plus 475 bps, 0% floor, OID 97, 101 soft call for six months; roughly $400 million equivalent euro five-year first-lien term loan at Euribor plus 500 bps, 0% floor, OID 97, 101 soft call for six months; 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.

LEARNING CARE GROUP INC.: $900 million five-year term loan (B2/B) talked at SOFR plus 475 bps, 0.5% floor, OID 97 to 97.5, 101 soft call for six months; JPMorgan; refinance existing first- and second-lien term loans; Novi, Mich., provider of early education and childcare services.

SEAWORLD PARKS & ENTERTAINMENT INC.: $665 million senior secured term B (Ba2/BB) due Aug. 25, 2028 talked at SOFR plus 250 bps, 0.5% floor, issue price par, 101 soft call for six months; JPMorgan; help refinance existing term B; Orlando, Fla., theme park and entertainment company.

SHARP SERVICES LLC: $211.4 million incremental first-lien term B (B2/B-) due December 2028 talked at SOFR plus 450 bps, 0.5% floor, OID 98, 101 soft call for six months; JPMorgan, RBC, Barclays, Citigroup and ING; help fund acquisition of remaining 75% stake in Berkshire Sterile Manufacturing; provider of pharmaceutical packaging and clinical services.

SOFTWARE AG (MOSEL BIDCO SE): $405 million seven-year term loan (B2/B/BB-) at SOFR plus 475, 25 bps step-down at 3.5x senior secured net leverage, 0.5% floor, OID 99, 101 soft call for six months; JPMorgan, Banco Santander and Citigroup; also €640 million seven-year term loan (B2/B/BB-) at Euribor plus 475 bps, 25 bps step-downs at 3.5x and 3x senior secured net leverage, 0% floor, OID 98.75, 101 soft call for six months; help fund buyout by Silver Lake; Darmstadt, Germany, software company.

TALEN ENERGY SUPPLY LLC: Expected closing Aug. 7 week; $290 million add-on senior secured term B due May 2030 talked at SOFR plus 450 bps, 0.5% floor, OID 98.5 to 99, 101 soft call for six months; Citigroup; repay existing LMBE MC term loan; Houston-based power generation and infrastructure 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.

NEW RELIC: New debt financing; help fund buyout by Francisco Partners and TPG; San Francisco-based provider of an all-in-one observability platform for engineers.

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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