Bank Loan Calendar: $21.5949 billion deals being marketed

August Lender Calls

ECL ENTERTAINMENT LLC: Lender call Aug. 8; $380 million seven-year covenant-lite term B (B+), 101 soft call for six months; Deutsche Bank and Citizens; also new revolver; refinance existing capital structure; regional gaming company.

EPICOR SOFTWARE CORP.: Lender call Aug. 8; $350 million incremental term loan; KKR; repay some second-lien term loan borrowings and floating-rate notes; Austin, Tex., provider of enterprise business software 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.

ACUREN (ROCKWOOD SERVICE CORP.): $150 million add-on first-lien term loan talked at SOFR+CSA plus 425 bps, 25 bps step-down at 3.5x first-lien net leverage, CSA is a 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 0% floor, OID 99.27 to 99.5, BofA Securities, BMO and Antares; fund a dividend; provider of testing services to energy and industrial markets.

ADVISOR GROUP HOLDINGS INC. (OSAIC HOLDINGS INC.): Roughly $1.648 billion first-lien term loan (including $200 million incremental) (B) due August 2028 talked at SOFR plus 450 bps, 0% floor, OID 98.5, 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.

ASGN INC.: $500 million seven-year covenant-lite term B (Ba1) talked at SOFR plus 225 bps to 250 bps, 0% floor, OID 99.5, 101 soft call for six months; Wells Fargo; refinance existing term B; Glen Allen, Va., provider of IT and professional services in the technology, digital, creative, engineering and life sciences fields.

AVIENT CORP.: Expected closing mid-August; $731.6 million first-lien senior secured covenant-lite term B-7 (Ba1/BB+) due Aug. 29, 2029 at SOFR plus 250 bps, 0.5% floor, issue price par, 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.

AXALTA COATING SYSTEMS LTD.: $1.845 billion senior secured term B-4 due Dec. 20, 2029 talked at SOFR plus 250 bps, 0.5% floor, OID 99.75 to par, 101 soft call for six months; Barclays; repricing; Glen Mills, Pa., coatings company.

AZZ INC.: $1.03 billion senior secured covenant-lite term B (Ba3/B) due May 13, 2029 talked at SOFR plus 375 bps to 400 bps, 0.5% floor, issue price par, 101 soft call for six months; Citigroup; repricing; Fort Worth, Tex., provider of hot-dip galvanizing and coil coating 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.

CHEMOURS CO.: $960 million five-year term B (Ba1/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.

CONSILIO: $200 million incremental first-lien term loan (B-) due 2028 talked at SOFR+CSA plus 475 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, 101 soft call for six months; KKR and Stone Point; fund acquisition of Oxo; Washington, D.C., provider of eDiscovery and document review solutions.

CONVERGINT TECHNOLOGIES: $150 million add-on first-lien term loan due March 2028 talked at SOFR plus 475 bps, 0.75% floor, OID 98 to 98.5, 101 soft call for six months; JPMorgan, Credit Suisse, Mizuho and MUFG; repay revolver borrowings and general corporate purposes; Schaumberg, Ill., service-based security systems integrator.

CUSHMAN & WAKEFIELD: $700 million term B (BB) due Jan. 31, 2030 talked at SOFR plus 425 bps, 0.5% floor, OID 96; JPMorgan; help refinance a portion of existing term B; Chicago-based commercial real estate services company.

FIRST BRANDS GROUP LLC: $350 million incremental first-lien term loan due March 30, 2027 talked at SOFR+CSA plus 500 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; Jefferies; fund cash to the balance sheet for liquidity to support bids for new business and other growth initiatives; Rochester, Mich., automotive aftermarket platform offering comprehensive solutions for consumable maintenance and mission-critical repair parts.

FOUR SEASONS HOTELS LTD.: Roughly $845.8 million senior secured covenant-lite first-lien term B due Nov. 30, 2029 talked at SOFR+10 bps CSA plus 250 bps, 0.5% floor, OID 99.75, 101 soft call for six months; Morgan Stanley; repricing; Toronto-based luxury hotels company.

GENERATION BRIDGE NORTHEAST LLC: $965 million credit facilities (Ba2/BB); Jefferies, MUFG, Goldman Sachs, BMO, Investec and ArcLight; $100 million five-year revolver; $865 million six-year senior secured term B at SOFR plus 425 bps, 0% floor, OID 99, 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: $450 million seven-year first-lien term loan (BB-) at SOFR plus 375 bps, 0.5% floor, OID 98.5, 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.

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.

NORTHRIVER MIDSTREAM FINANCE LP: $850 million seven-year covenant-lite term B (Ba3) talked at SOFR plus 325 bps to 350 bps, 0% floor, OID 98.5 to 99, 101 soft call for six months; BMO, RBC and others; refinance existing term loan; Canadian gas gathering and processing business.

OPENTEXT CORP.: $3.567 billion senior secured term B (Ba1/BBB-/BBB-) due Jan. 31, 2030 talked at SOFR+10 bps CSA plus 275 bps, 0.5% floor, issue price par, 101 soft call for six months; Barclays and BofA Securities; repricing; Waterloo, Ont., provider of enterprise information management.

SONICWALL: $725 million first-lien term loan due May 2028 talked at SOFR plus 475 bps to 500 bps, 0.5% floor, OID 97, 101 soft call for six months; UBS; amend and extend, and refinance a portion of existing second-lien term loan; Milpitas, Calif., provider of network security solutions.

TACALA COS.: $110 million of bank debt; KKR and Wells Fargo; $25 million add-on revolver; $85 million add-on first-lien term loan talked at SOFR+CSA plus 425 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 98; help fund a dividend; also repricing upwards existing first-lien term loan to SOFR+ARRC CSA plus 425 bps, 0.75% floor, and existing second-lien term loan to SOFR+ARRC CSA plus 800 bps, 0.75% floor; Vestavia Hills, Ala., franchise operator of Taco Bell restaurants.

TENNECO INC.: $1.397 billion senior secured covenant-lite term B due November 2028 talked at SOFR+10 bps CSA plus 500 bps, 0.5% floor, OID 85 to 86, 101 soft call through Nov. 17, 2023; Citigroup, BofA Securities, Barclays, BNP Paribas, Jefferies, RBC, TD Securities, Wells Fargo, Deutsche Bank, BMO, Credit Suisse, Goldman Sachs, ING, Mizuho, MUFG, Santander and U.S. Bank; help repay senior secured interim credit facility associated with the buyout of the company by Apollo; Lake Forest, Ill., designer, manufacturer and marketer of automotive products for original equipment and aftermarket customers.

TRONOX: $300 million incremental term loan B (Ba2/BB) due 2028 talked at SOFR plus 350 bps, 0.5% floor, OID 98.5 to 99, 101 soft call for six months; Goldman Sachs, HSBC, BofA Securities, Barclays, BNP Paribas and Deutsche Bank; repay revolver borrowings, and fund capital expenditures and general corporate purposes; Stamford, Conn., producer of titanium bearing mineral sands and titanium dioxide pigment.

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.

VERITIV CORP.: New debt financing; Goldman Sachs, RBC, Wells Fargo, BMO and UBS; help fund buyout by Clayton, Dubilier & Rice LLC; Atlanta-based distributor of packaging, facility solutions and print 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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