Bank Loan Calendar: $10.928 billion deals being marketed

October Lender Calls

A-GAS FINCO INC.: Lender call Oct. 25; new term loan; Citigroup; help fund acquisition of a majority stake by TPG from KKR; U.K.-based supplier and lifecycle manager of refrigerant and industrial gases, fire suppressants and blowing agents.

AMNEAL PHARMACEUTICALS: Lender call Oct. 25; $2.544 billion term B due 2028 (B2/B) talked at SOFR plus 525 bps, 0.5% floor, OID 96, 102 hard call in year one, 101 soft call in year two; JPMorgan; amend and extend; Bridgewater, N.J., generic pharmaceutical manufacturer.

COLIBRI: Lender call Oct. 25; incremental first-lien term loan; Golub and Jefferies; help support an acquisition; St. Louis-based provider of career lifecycle management and mandatory professional education solutions.

RYAN LLC: Lender call Oct. 25; $1.14 billion of term loans (B2/B+); Jefferies, SMBC, Antares, BMO, BofA Securities, JPMorgan, MUFG and RBC; $950 million seven-year first-lien term loan, 101 soft call for six months; $190 million first-lien delayed-draw term loan; refinance existing debt and fund two acquisitions; Dallas-based tax services and software provider.

Upcoming Closings

BELFOR: $1.235 billion term B due 2030 (B1/B) at SOFR plus 375 bps, 0.5% floor, OID 99, 101 soft call for six months; JPMorgan; €250 million term B due 2030 at Euribor plus 425 bps, 0% floor, OID 98.5, 101 soft call for six months; refinance existing term loans due 2026, repay revolver borrowings and general corporate purposes; Birmingham, Mich., disaster recovery and property restoration company.

CETERA FINANCIAL GROUP: $1.989 billion of credit facilities (B2/B); UBS, Goldman Sachs, BMO, Deutsche Bank, Truist, Jefferies, Morgan Stanley, Barclays and Antares; $300 million five-year revolver; $1.689 billion incremental first-lien term loan due August 2030 talked at SOFR+CSA plus 450 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0% floor, OID 97 to 97.5, 101 soft call for six months; help fund acquisition of Avantax Inc. and refinance existing first-lien term loan due 2025; San Diego-based investment advisor network.

CEVA SANTE: €2.3 billion equivalent of senior secured term loans (B2/B); JPMorgan, Barclays, Credit Agricole, Natixis and Nomura; €500 million equivalent U.S. term B due November 2030 talked at SOFR plus 425 bps, 0% floor, OID 99, 101 soft call for six months; €1.8 billion term B due November 2030 talked at Euribor plus 425 bps, 0% floor, OID 99 to 99.5, 101 soft call for six months; refinance existing term B and capital expenditures facility, and partially repay a PIK facility; France-based animal health company.

COOK & BOARDMAN GROUP (RED FOX CD ACQUISITION CORP.): $500 million seven-year term B (B3/B) talked at SOFR plus 500 bps, 0% floor, OID 96.5 to 97, 101 soft call for six months; BofA Securities, Goldman Sachs, TD Securities, Truist and Stifel; help fund acquisition of a majority stake by Platinum Equity from Littlejohn & Co. LLC and repay existing debt; Winston-Salem, N.C., distributor of commercial door and security integration solutions.

FR REFUEL LLC: $100 million incremental covenant-lite first-lien term loan due Nov. 8, 2028 (B3/B-) talked at SOFR+CSA plus 475 bps, CSA is 11 bps one-month rate, 26 bps three-month rate and 43 bps six-month rate, 0.75% floor, OID 96, 101 soft call for six months; Citizens; term out revolver outstandings and fund an acquisition; Charleston, S.C., regional convenience store operator.

ITP AERO (PROPULSION (BC) NEWCO LLC): $200 million add-on term B due Sept. 14, 2029 talked at SOFR plus 375 bps, step-up to SOFR plus 400 bps at more than 0.5x inside 3.5x first-lien net leverage, 0.5% floor, OID 99, 101 soft call for six months; RBC, UBS and Santander; fund acquisition of BP Aerospace and add cash on hand for future acquisition opportunities; Zamudio, Spain, aerospace and engine component supplier.

KITO CROSBY (CROSBY US ACQUISITION CORP.): $205 million incremental first-lien term loan due June 27, 2026 (B3/B) talked at SOFR plus 500 bps, 0.5% floor, OID 98.5 to 99; UBS and KKR; repay second-lien term loan debt; manufacturer and marketer of highly engineered equipment and solutions used in lifting, rigging, and custom material handling solutions.

KRATON CORP.: $300 million incremental covenant-lite term B due March 15, 2029 (Ba3/B+) talked at SOFR plus 450 bps, 0.5% floor, OID 97, 101 soft call for six months; Wells Fargo; pay down existing ABL facility partially repay euro term B; Houston-based producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products.

MEDIMPACT (MI OPCO HOLDINGS INC.): $625 million five-year first-lien term B (B2/B+) talked at SOFR+10 bps CSA plus 675 bps to 700 bps, 0% floor, OID 95 to 96, non-call two, 102, 101, but if acquisition is not completed, non-call one, 101; BofA Securities; fund potential near-term acquisition opportunities; San Diego-based pharmacy benefit manager.

NEW FORTRESS ENERGY INC. (NFE): $835 million senior secured covenant-lite first-lien term B (Ba3/BB/BB-) talked at SOFR plus 450 bps, 25 bps step-down upon corporate rating upgrades from two of three agencies, 0.75% floor, OID 96, 101 soft call for six months; Morgan Stanley, MUFG, Natixis, Citigroup, HSBC, JPMorgan, Santander, Wells Fargo and Deutsche Bank; repay a bridge loan and general corporate purposes; New York-based energy infrastructure company.

SUSE: $1.255 billion equivalent U.S. and euro seven-year covenant-lite term B (B2/B+); Goldman Sachs, BofA Securities, Deutsche Bank, JPMorgan, HSBC and Jefferies; U.S. term loan talked at SOFR plus 450 bps, 25 bps step-down at 3.9x first-lien net leverage, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; euro term loan talked at Euribor plus 450 bps, 25 bps step-down at 3.9x first-lien net leverage, 0% floor, OID 98 to 98.5, 101 soft call for six months; fund tender offer for shares by EQT, repay existing debt under the OpCo SFA and 2020 sidecar facilities agreement, amend and extend existing debt facilities; Nuremberg, Germany, provider of open source infrastructure software for large enterprises.

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.

CSG ELEVATE II INC.: New debt financing; JPMorgan; help fund acquisition of Vista Outdoor Inc.’s Sporting Products business by Czechoslovak Group; Anoka, Minn., ammunition manufacturer.

EVERISE: New debt financing; BMO; support recapitalization in connection with investment by Warburg Pincus; Plantation, Fla., healthcare services outsourcing company.

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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