Bank Loan Calendar: $10.153 billion deals being marketed

November Lender Calls

EG GROUP: Lender call Nov. 1; $500 million equivalent U.S. and euro senior secured add-on term B due February 2028; Barclays, JPMorgan, BofA Securities, Goldman Sachs, HSBC, ING, Lloyds, Morgan Stanley, Rabobank, SMBC and UBS; U.S. add-on term B talked at SOFR plus 550 bps, 0.5% floor, 101 soft call for six months from Nov. 10; euro add-on term B talked at Euribor plus 550 bps, 0% floor, 101 soft call for six months from Nov. 10; help partially refinance 2025 and 2026 debt maturities; Blackburn, U.K., convenience retail and fuel station company.

TRANSNETWORK LLC: Lender call Nov. 1; $300 million term B (B2/B); Truist; fund acquisition of PNC Payment Holdings Inc. and refinance existing debt; Houston-based payment processor.

Upcoming Closings

A-GAS FINCO INC.: $520 million seven-year senior secured covenant-lite term B (B2/B) talked at SOFR plus 500 bps, 25 bps step-downs at 0.5x and 1x inside opening senior secured net leverage, 0% floor, OID 96 to 97, 101 soft call for six months; Citigroup, HSBC, Guggenheim and Truist; 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: $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: $400 million incremental first-lien term loan due March 2029 (B3/B) talked at SOFR plus 500 bps, 0.75% floor, OID 97.5, 101 soft call for six months; Golub and Jefferies; help support an acquisition; St. Louis-based provider of career lifecycle management and mandatory professional education solutions.

HILTON WORLDWIDE FINANCE LLC: $2.619 billion of term loans (Baa2/BBB-); Deutsche Bank; $1.619 billion covenant-lite seven-year term B talked at SOFR+10 bps CSA plus 200 bps, 0% floor, OID 99.5, 101 soft call for six months; $1 billion covenant-lite term B due June 2028 talked at SOFR+10 bps CSA plus 175 bps, 0% floor, OID 99.5, 101 soft call for six months; refinance existing term B through a partial two-year extension and a new term B; McLean, Va., hospitality company.

INEOS QUATTRO: Roughly $1.25 billion term B (Ba3/BB/BB+) due March 2029 talked at SOFR+10 bps CSA plus 425 bps, 0% floor, OID 97 to 98, 101 soft call for one year; JPMorgan, BNP Paribas, Citigroup, Credit Agricole, CCB, Commerzbank, FAB, Goldman Sachs, HSBC, ING, ICBC, KBC and Mizuho; also €850 million term B (Ba3/BB/BB+) due March 2029 talked at Euribor plus 450 bps, 0% floor, OID 97 to 98, 101 soft call for one year; help repay some existing term B borrowings, fund acquisition of Eastman Texas City site from Eastman Chemical Co., and repay some other debt; chemicals company.

ITP AERO (PROPULSION (BC) NEWCO LLC): $200 million add-on term B due Sept. 14, 2029 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) at SOFR plus 500 bps, 0.5% floor, OID 99; UBS, KKR, SMBC, Mizuho, ING and Morgan Stanley; repay second-lien term loans; manufacturer and marketer of highly engineered equipment and solutions used in lifting, rigging, and custom material handling solutions.

LIFETIME BRANDS INC.: $150 million term B due August 2027 (B3/BB-) talked at SOFR plus 525 bps to 550 bps, 1% floor, OID 96, non-call one year, 101; JPMorgan; help refinance/extend an existing term B; Garden City, N.Y., provider of kitchenware, tableware and other products used in the home.

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.

RYAN LLC: $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 talked at SOFR plus 425 bps to 450 bps, 0.5% floor, OID 98.5 to 99, 101 soft call for six months; $190 million first-lien delayed-draw term loan talked at SOFR plus 425 bps to 450 bps, 0.5% floor, OID 98.5 to 99; refinance existing debt and fund two acquisitions; Dallas-based tax services and software provider.

THOR INDUSTRIES INC.: $450 million senior secured term B (BBB-) due November 2030 talked at SOFR plus 300 bps to 325 bps, 0% floor, OID 99, 101 soft call for six months; JPMorgan, Barclays, BMO and U.S. Bank; also roughly €330 million ($350 million equivalent) senior secured term B (BBB-) due November 2030 talked at Euribor plus 325 bps to 350 bps, 0% floor, OID 99, 101 soft call for six months; amend and extend existing U.S. and euro term loans and general corporate purposes; Elkhart, Ind., manufacturer of recreational vehicles.

XEROX CORP.: $500 million six-year first-lien term loan (Ba1/BBB-) talked at SOFR plus 400 bps, 0.5% floor, OID 98, 101 soft call for six months; Jefferies, Citigroup, Credit Agricole, HSBC, Mizuho, PNC and Scotia; refinance a bridge loan; Norwalk, Conn., supplier of print and digital document products and services.

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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