Bank Loan Calendar: $30.5042 billion deals being marketed

September Lender Calls

ARCLIGHT NGPL HOLDINGS LLC (AL NGPL HOLDINGS LLC): Lender call Sept. 20; roughly $464.5 million senior secured term B (Ba3/B+) due April 15, 2028 talked at SOFR plus 350 bps, 1% floor, issue price par, 101 soft call for six months; Barclays; repricing; FERC-regulated natural gas pipeline system.

INTERSTATE WASTE SERVICES: Lender call Sept. 20; $575 million seven-year term B (including $75 million delayed-draw) (B2/B) talked at SOFR plus 450 bps, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; JPMorgan, BMO, Comerica, MUFG and Stifel; repay existing debt, pay minority shareholders and add cash to the balance sheet in connection with an investment from Ares Management; Teaneck, N.J., provider of waste and recycling services.

PROMETRIC HOLDINGS INC.: Lender call Sept. 20; first-lien term loan due Jan. 29, 2028; Barclays, Deutsche Bank, Morgan Stanley and Nomura; amend and extend existing first-lien term loan; provider of technology-enabled testing and assessment services.

REALTRUCK GROUP INC.: Lender call Sept. 20; $180 million incremental first-lien term loan (B-) due Jan. 29, 2028 talked at SOFR plus 500 bps, 0.75% floor, OID 96.5 to 97, 101 soft call for one year; Jefferies; fund an acquisition; Ann Arbor, Mich., supplier and online destination for retailers of branded functional accessories for pickup trucks and Jeeps/Broncos as well as sport utility vehicles and other light weight vehicles.

Upcoming Closings

ALPHIA INC.: $640 million seven-year term B (B2/B) talked at SOFR plus 450 bps, 0.5% floor, OID 97 to 98, 101 soft call for six months; Goldman Sachs, Jefferies, BMO, Citizens, Deutsche Bank, Morgan Stanley, Rabobank, SMBC and Wells Fargo; help fund buyout of by PAI Partners from J.H. Whitney Capital Partners; Denver-based contract manufacturer of dry pet food and treats.

BCP RENAISSANCE PARENT LLC: Roughly $1.1 billion term B due Oct. 31, 2028 (including $100 million incremental) at SOFR plus 350 bps, 1% floor, OID 99.85, 101 soft call for six months; Jefferies; fund a distribution and extend existing term B; owner of a 32.435% interest in the Rover Pipeline, which transports natural gas from the Marcellus and Utica Shale production areas.

CHAMPIONX CORP.: $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.

CHART INDUSTRIES INC.: $1.781 billion term B due March 2030 talked at SOFR+10 bps CSA plus 325 bps to 350 bps, 0.5% floor, OID 99.75, 101 soft call for six months; JPMorgan, HSBC, Morgan Stanley and PNC; repricing; Ball Ground, Ga., manufacturer of highly engineered equipment servicing the energy and industrial gas markets.

CHG HEALTHCARE: Expected closing Oct. 2; $580 million incremental first-lien term loan due September 2028 (B2/B) 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.

CPM HOLDINGS INC.: $1.13 billion five-year first-lien term loan (B2/B) talked at SOFR plus 475 bps, 0.5% floor, OID 98, 101 soft call for six months; Jefferies; refinance existing debt and make a one-time distribution to shareholders; provider of highly-engineered processing and automation equipment, aftermarket parts and service with exposure to attractive megatrends.

FLEETPRIDE: $870 million first-lien term loan due 2028 talked at SOFR plus 475 bps, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; RBC; extend existing first-lien term loan and refinance existing ABL revolver borrowings; Irving, Tex., distributor of aftermarket heavy-duty truck and trailer parts.

FOGO DE CHAO: $550 million seven-year covenant-lite term B (B3/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.

HIRERIGHT HOLDINGS CORP.: $700 million five-year first-lien term loan talked at SOFR plus 425 bps, 0% floor, OID 98 to 98.5, 101 soft call for six months; Goldman Sachs, RBC and SPC; refinance existing first-lien term loan; Nashville provider of technology-driven workforce risk management and compliance solutions.

INGRAM MICRO: $1.41 billion term B talked at SOFR plus 275 bps to 300 bps, 0.5% floor, issue price par, 101 soft call for six months; JPMorgan and BofA Securities; repricing; Irvine, Calif., provider of technology logistics services and solutions.

KOPPERS INC.: $399 million covenant-lite term B due April 10, 2030 talked at SOFR+10 bps CSA plus 350 bps, 0.5% floor, issue price par, 101 soft call for six months; Wells Fargo; repricing; Pittsburgh-based provider of treated wood products, wood treatment chemicals and carbon compounds.

NCR ATLEOS LLC: $1.05 billion seven-year term B (B2/B+/BB+) talked at SOFR+10 bps CSA plus 475 bps, 0% floor, OID 98, 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 spinoff; financial technology company providing self-directed banking solutions through automated teller machines and interactive teller machines.

NORD ANGLIA EDUCATION (FUGUE FINANCE): $906 million term B due January 2028 talked at SOFR plus 400 bps, 0.5% floor, OID 99.75 to par, 101 soft call for six months; Deutsche Bank, JPMorgan, HSBC (left on euro), Citigroup, DBS, Goldman Sachs, Morgan Stanley, Standard Chartered, BofA Securities and E. Sun; also €1.515 billion term B due January 2028 talked at Euribor plus 450 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; repricing; London-based K-12 schools platform.

PRIORITY TECHNOLOGY HOLDINGS INC.: $25 million incremental term B due April 2027 talked at SOFR plus 575 bps, 1% floor, OID 99.3; Truist; repay revolver borrowings; Alpharetta, Ga., payments technology company.

PROAMPAC: $2.085 billion first-lien term loan due 2028 (B3) talked at SOFR plus 475 bps, 0.75% floor, OID 98, 101 soft call for six months; JPMorgan, Antares and others; amend and extend existing first-lien term loan and repay revolver borrowings; Cincinnati-based manufacturer of flexible packaging and material science solutions.

ROCKET SOFTWARE INC.: $1.6 billion first-lien term B (B2/B-) due November 2028 talked at SOFR plus 475 bps, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; RBC; also €400 million first-lien term B (B2/B-) due November 2028 talked at Euribor plus 475 bps, 0% floor, OID 98 to 98.5, 101 soft call for six months; extend existing first-lien term loans; Waltham, Mass., infrastructure software provider.

SIMON & SCHUSTER (CENTURY DE BUYER LLC): $1.21 billion credit facilities (B2); Jefferies, KKR, HSBC, Mizuho, RBC, UBS, Goldman Sachs Credit Agricole and SPC; $1.1 billion seven-year first-lien term loan talked at SOFR plus 425 bps, 25 bps leverage-based step-down and 25 bps step-down upon an IPO, 0% floor, OID 98.5, 101 soft call for six months; $110 million five-year revolver; help fund buyout by KKR from Paramount Global; New York-based general interest publishing company.

SPRING EDUCATION GROUP: $950 million credit facilities (B2); Macquarie and Goldman Sachs; $100 million five-year revolver; $850 million seven-year term B talked at SOFR plus 450 bps to 475 bps, 0% floor, OID 98.5, 101 soft call for six months; refinance existing credit facilities; Campbell, Calif., provider of pre-K through 12th grade education.

ST. JOSEPH ENERGY CENTER: $337 million first-lien term B due around September 2028 (Ba3) 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.: Expected closing Sept. 28; $3.2 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; $2.7 billion seven-year term B (B1/B/BB) at SOFR plus 400 bps, 25 bps step-down at 3.9x first-lien net leverage and 25 bps step-down upon an IPO, 0% floor, OID 98.5, 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.

UPFIELD: $100 million add-on term B-7 due January 2028 talked at SOFR plus 475 bps, 0% floor, OID 97.5; KKR; repay non-extended term loan debt; Amsterdam-based plant-based consumer product company.

VIASAT INC.: $616.7 million term B due May 30, 2030 (BB/BB+) talked at SOFR+CSA plus 450 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 95 to 96, 101 soft call for one year; BofA Securities, JPMorgan, Barclays, Credit Suisse, MUFG, Truist and Citizens; syndication of term loan that funded in May for Inmarsat acquisition; Carlsbad, Calif., communications company.

VIRGIN MEDIA BRISTOL LLC: $500 million add-on term Y (Ba3/BB-/BB+) due March 2031 talked at SOFR+10 bps CSA plus 325 bps, 0% floor, OID 98.75 to 99, 101 soft call for six months; Citigroup, Goldman Sachs, JPMorgan and Scotia; refinance existing debt; New York-based media and telecommunications company.

WORLDPAY (BOOST NEWCO BORROWER LLC): $6 billion U.S. 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; $1 billion revolver; $5 billion seven-year first-lien term B (Ba3/BB/BBB-) at SOFR plus 300 bps, 0.5% floor, OID 99.5, 101 soft call for six months; also €500 million seven-year first-lien term B (Ba3/BB/BBB-) at Euribor plus 325 bps, 0% floor, OID 99.5, 101 soft call for six months; help fund buyout of a majority stake by GTCR from Fidelity National Information Services Inc. (FIS); provider of payment processing solutions.

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 spinoff 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.

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, UBS, BNP Paribas, Mizuho, TD Securities, Rabobank, Natixis, Regions, Citizens, ING, Stifel and Scotia; help fund buyout by Clayton, Dubilier & Rice LLC; Atlanta-based distributor of packaging, facility solutions and print products.

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