Bank Loan Calendar: $29.8187 billion deals being marketed

September Lender Calls

CHAMPIONX CORP.: Lender call Sept. 13; $620 million term B due June 2029 talked at SOFR+CSA plus 275 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, OID 99.75, 101 soft call for six months; JPMorgan; repricing; The Woodlands, Tex., provider of chemistry solutions and highly engineered equipment and technologies that help companies drill for and produce oil and gas.

NCR ATLEOS LLC: Lender call Sept. 13; $1.05 billion seven-year term B (B2/B+/BB+), 101 soft call for six months; BofA Securities, JPMorgan, Goldman, RBC, Wells Fargo, Truist, MUFG, PNC, Capital One, TD Securities, Fifth Third, US Bank, Regions, M&T and Citigroup; help fund a cash distribution to NCR Corp. in connection with spin-off; financial technology company providing self-directed banking solutions through automated teller machines and interactive teller machines.

VIASAT INC.: Lender call Sept. 13; $616.7 million term B due May 30, 2030, 101 soft call for one year; BofA Securities, JPMorgan, Barclays, Credit Suisse, MUFG, Truist and Citizens; Carlsbad, Calif., communications company.

WORLDPAY (BOOST NEWCO BORROWER LLC): Lender call Sept. 13; $5.4 billion equivalent credit facilities; JPMorgan (left on U.S.), Goldman Sachs (left on euro), Citigroup, Wells Fargo, Deutsche Bank, UBS, Fifth Third, BMO, MUFG, Citizens, Stifel, Truist, Capital One and Lloyds; $3.4 billion seven-year first-lien term B (Ba3/BB/BBB-) talked at SOFR plus 350 bps to 375 bps, 25 bps step-down at 4x first-lien net leverage and 25 bps step-down upon an IPO, 0.5% floor, OID 99, 101 soft call for six months; $1 billion euro equivalent seven-year first-lien term B (Ba3/BB/BBB-) talked at Euribor plus 350 bps to 375 bps, 25 bps step-downs at 4x and 3.5x first-lien net leverage, and 25 bps step-down upon an IPO, 0% floor, OID 98.5, 101 soft call for six months; $1 billion revolver; help fund buyout of a majority stake by GTCR from Fidelity National Information Services Inc. (FIS); provider of payment processing solutions.

Upcoming Closings

AERCAP (DELOS AIRCRAFT DESIGNATED ACTIVITY CO.): $600 million term B (Baa1/BBB/BBB) due Oct. 31, 2027 talked at SOFR plus 200 bps, 0% floor, OID 99.5, 101 soft call for six months; Deutsche Bank, Morgan Stanley and RBC; help refinance existing term B; Dublin-based aviation leasing company.

ALIGHT INC. (TEMPO ACQUISITION LLC): $2.507 billion term B due Aug. 31, 2028 talked at SOFR plus 275 bps, 0.5% floor, issue price par, 101 soft call for six months; BofA Securities; repricing; Lincolnshire, Ill., provider of integrated, cloud-based human capital and business solutions.

AOC LLC (LSF11 A5 HOLDCO LLC): $375 million incremental term B due Oct. 15, 2028 talked at SOFR+10 bps CSA plus 425 bps, 0.5% floor, OID 98 to 98.5, 101 soft call for six month; BofA Securities, RBC and others; help fund a return of capital to shareholders; specialty chemicals company with U.S. headquarters in Collierville, Tenn.

BALDWIN RISK PARTNERS LLC: Expected closing Sept. 15; $170 million add-on term B due October 2027 at SOFR+CSA plus 350 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 99.25; JPMorgan; repay some revolver borrowings and general corporate purposes; Tampa, Fla., insurance distribution firm.

BAUSCH + LOMB CORP.: $500 million five-year term B (B1/B-) talked at SOFR plus 400 bps, 0% floor, OID 98 to 98.5, 101 soft call for six months; JPMorgan; help fund acquisition of Xiidra, libvatrep and AcuStream from Novartis, and repay revolver borrowings; Vaughan, Ont., eye health company.

CHG HEALTHCARE: Expected closing Oct. 2; $580 million incremental first-lien term loan (B2/B) due September 2028 at SOFR plus 375 bps, 0.5% floor, OID 99, 101 soft call for six months; Goldman Sachs, JPMorgan, Barclays, BMO and Citigroup; refinance existing second-lien notes and fund a dividend; Salt Lake City-based private healthcare staffing company that specializes in temporary physician staffing services.

COGECO COMMUNICATIONS FINANCE (USA) LP (BREEZELINE): $900 million seven-year term B (B1/BB) talked at SOFR plus 275 bps to 300 bps, 0% floor, OID 99, 101 soft call for six months; BofA Securities, Truist, Wells Fargo, RBC, BMO and CIBC; help refinance an existing term B; Montreal-based cable operator.

CREATIVE ARTISTS AGENCY LLC: $425 million incremental term B (B2/B+) due Nov. 26, 2028 talked at SOFR plus 350 bps, 0% floor, OID 99.04, 101 soft call for six months; BofA Securities, BNP Paribas and Credit Agricole; repurchase existing shares in support of the acquisition of a majority stake in the company by Artémis from TPG and general corporate purposes; Los Angeles-based entertainment and sports agency.

ENERGYSOLUTIONS LLC: $640 million seven-year term B (B2/B) talked at SOFR plus 425 bps, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; RBC; refinance existing term B, partially pay down revolver borrowings and fund acquisition of Williams Industrial Services Group Inc.’s nuclear, fossil, energy delivery and paper mill operations; Salt Lake City-based nuclear services company.

FLYNN RESTAURANT GROUP LP: $150 million add-on term B due Dec. 3, 2028 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, 0.5% floor, OID 98.76, 101 soft call for six months; BofA Securities; refinance existing term B due 2025, repay revolver borrowings and general corporate purposes; San Francisco-based restaurant franchisee operator.

FOGO DE CHAO: $550 million seven-year covenant-lite term B (B-) talked at SOFR plus 500 bps, 0.5% floor, OID 97, 101 soft call for six months; Deutsche Bank, Jefferies and UBS; help fund buyout by Bain Capital Private Equity from Rhone Capital; Dallas-based steakhouse chain.

FORWARD AIR CORP. (CLUE OPCO LLC): $925 million seven-year senior secured covenant-lite term B (Ba3/BB-/BB) talked at SOFR plus 375 bps to 400 bps, 0.75% floor, OID 98, 101 soft call for six months; Citigroup, Morgan Stanley, Goldman Sachs, JPMorgan, US Bank, PNC, Capital One, Citizens, Deutsche Bank and TD Securities; help fund acquisition of Omni Logistics LLC from Ridgemont Equity Partners and EVE Partners LLC and refinance existing debt; Greeneville, Tenn., provider of transportation services.

GFL ENVIRONMENTAL INC.: $729 million term B due May 2027 talked at SOFR plus 250 bps, 0.5% floor, OID 99.75, 101 soft call for six months; JPMorgan and Barclays; repricing; Vaughan, Ont., environmental services company.

GIP PILOT ACQUISITION PARTNERS LP: $1.1 billion first-lien term B (Ba3/BB-) due 2030 talked at SOFR plus 350 bps to 375 bps, 0% floor, OID 98.5 to 99, 101 soft call for six months; JPMorgan, MUFG, Scotia, Mizuho and Wells Fargo; help fund acquisition of a 40% interest in Columbia Pipeline Holding Co. LLC from TC Energy Corp.; owner of 40% interest in natural gas pipelines and gas storage systems.

IRIDIUM SATELLITE LLC: $1.5 billion seven-year covenant-lite term B (Ba3/BB/BBB-) talked at SOFR+10 bps CSA plus 250 bps, 0.75% floor, OID 99 to 99.5, 101 soft call for six months; Deutsche Bank, Wells Fargo, Barclays and RBC; refinance existing term B; McLean, Va., provider of mobile satellite communications services.

NOMAD FOODS LLC: $700 million term B-4 due November 2029 talked at SOFR plus 300 bps, 0.5% floor, OID 99.5, 101 soft call for six months; Jefferies, Citigroup, JPMorgan and Santander; repricing term B-2; U.K.-based frozen foods company.

NOURYON: U.S. first-lien term B due April 3, 2028 talked at SOFR+10 bps CSA plus 400 bps, 0% floor, OID 98.5, 101 soft call until Oct. 3; JPMorgan, Barclays and HSBC; also euro first-lien term B due April 3, 2028 talked at Euribor plus 425 bps, 0% floor, OID 98 to 98.5, 101 soft call until Oct. 3; amend and extend $739 million term B due October 2025 and €94 million term B due October 2025; Amsterdam-based specialty chemicals company.

PACIFIC DENTAL SERVICES: $200 million add-on covenant-lite term B (B) due May 2028 talked at SOFR+CSA plus 350 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 when total net leverage is less than 2.75x, 0.75% floor, OID 99.03 to 99.5; BNP Paribas, BMO, Citigroup, JPMorgan and Goldman Sachs; repay revolver borrowings and add cash to the balance sheet; Irvine, Calif., provider of management services to affiliate dental practices.

RESTAURANT BRANDS INTERNATIONAL INC.: $5.163 billion term B (Ba2) due September 2030 at SOFR plus 225 bps, 0% floor, OID 99.5, 101 soft call for six months; JPMorgan; help refinance an existing term B; Toronto-based quick service restaurant company.

ST. JOSEPH ENERGY CENTER: $337 million first-lien term B (Ba3) due around September 2028 talked at SOFR+CSA plus 425 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, floor likely 0.5% or 0.75%, OID 97, 101 soft call for one year; BNP Paribas; amend and extend; owner of a combined cycle gas-fired power plant located in New Carlisle, Ind.

SYNEOS HEALTH INC.: $2.5 billion senior secured credit facilities; Goldman Sachs, UBS, RBC, BMO, HSBC, Wells Fargo, Citigroup, Jefferies, Macquarie, Natixis, Truist, Citizens, MUFG, SMBC, Capital One and Societe Generale; $500 million revolver; $2 billion seven-year term B (B1/B/BB) talked at SOFR plus 450 bps, 0% floor, OID 97, 101 soft call for six months; help fund buyout by Elliott Investment Management, Patient Square Capital and Veritas Capital; Morrisville, N.C., biopharmaceutical solutions organization.

TAMKO BUILDING PRODUCTS LLC: $821 million term B (B2/BB-) due 2030 talked at SOFR plus 350 bps, 25 bps step-down at less than 3.5x first-lien net leverage, 0% floor, OID 98.5 to 99, 101 soft call for six months; JPMorgan; help refinance existing term B; Galena, Kan., roofing products manufacturer.

USI INC.: $600 million seven-year senior secured incremental covenant-lite first-lien term B (B1/B) talked at SOFR plus 375 bps, 0% floor, OID 99.5, 101 soft call for six months; Morgan Stanley, KKR, Goldman Sachs, BofA Securities, Barclays, SPC, Citigroup, ING and Macquarie; fund a repurchase of shares from CDPQ and certain co-investors; Valhalla, N.Y., insurance brokerage and consulting firm.

WATERBRIDGE MIDSTREAM OPERATING LLC: $160 million incremental term B due June 21, 2026 at SOFR+CSA plus 575 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 99.75, 101 soft call for six months; Barclays; help redeem series A-1 Conoco preferred equity; Houston-based midstream company that owns and operates permanent water infrastructure systems.

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.

ARAMARK UNIFORM SERVICES: Roughly $1.8 billion credit facilities; $300 million revolver; $1.5 billion in term loan debt; help fund spin-off from Aramark; provider of full-service rental programs with programs focused on uniforms, floor mats, towels, linens, managed restroom and first aid services.

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.

CETERA FINANCIAL GROUP: New debt financing; fund acquisition of Avantax Inc.; San Diego-based financial advisor Wealth Hub.

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.

FIRE & SECURITY HOLDINGS LLC: New debt financing; help fund buyout by GTCR from ADT Inc.; commercial security, fire and life safety 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 senior secured credit facilities; Jefferies and SMBC; revolver; first-lien term loan; 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.

HERSHA HOSPITALITY TRUST: New debt financing; Wells Fargo and Citigroup; help fund buyout by KSL Capital Partners LLC; Harrisburg, Pa. real estate investment trust that owns luxury and lifestyle hotels.

SIMON & SCHUSTER: New credit facilities; Jefferies, KKR, UBS, HSBC, RBC, Mizuho and Goldman Sachs; roughly $1.1 billion term loan; revolver; help fund buyout by KKR from Paramount Global; New York-based general interest publishing company.

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.

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