Bank Loan Calendar: $16.322 billion deals being marketed

November Lender Calls

CULLIGAN INTERNATIONAL CO. (OSMOSIS BUYER LTD.): Lender call Nov. 7; $950 million senior secured first-lien term B (B3); Morgan Stanley; fund acquisition of Primo Water Corp.’s international businesses (Primo Europe), repay revolver borrowings and add cash to the balance sheet; Rosemont, Ill., provider of water treatment products and services.

EVERISE: Lender call Nov. 7; $425 million seven-year covenant-lite term B; BMO, Standard Chartered, ING, Scotia and Societe Generale; fund acquisition of a roughly 47% equity stake in the company by Warburg Pincus from Brookfield Asset Management and other shareholders; Plantation, Fla., healthcare services outsourcing company.

HERTZ CORP.: Lender call Nov. 7; $400 million incremental senior secured term B due June 30, 2028, 101 soft call for six months; Barclays, Goldman Sachs and others; repay revolver borrowings and general corporate purposes; Estero, Fla., car rental company.

SMYRNA READY MIX CONCRETE LLC: Lender call Nov. 7; $538 million term B (Ba3) due 2029; JPMorgan; help fund acquisitions, and pay down term loan and asset-based lending borrowings; Murfreesboro, Tenn., manufacturer and retailer of ready-mixed concrete.

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: Roughly $2.35 billion term B (B2/B) due 2028 at SOFR plus 550 bps, 0.5% floor, OID 95, hard call 103, 102, 101; JPMorgan; amend and extend; Bridgewater, N.J., generic pharmaceutical manufacturer.

ARCHKEY HOLDINGS INC.: $100 million delayed-draw term loan (B2/B) due June 29, 2028 talked at SOFR+CSA plus 525 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; Deutsche Bank; fund a distribution to equity holders; St. Louis-based electrical and technologies service provider.

AUGUSTA SPORTSWEAR BRANDS: $390 million senior secured credit facilities; Antares; $50 million revolver; $340 million six-year covenant-lite term loan talked at SOFR plus 600 bps, 1% floor, OID 98, hard call 102, 101; support buyout by Platinum Equity; Grovetown, Ga., supplier of team uniforms and off-field performance wear.

BUCKEYE PARTNERS LP: $1 billion term B talked at SOFR plus 250 bps to 275 bps, no floor, OID 99.5, 101 soft call for six months; MUFG; fund a partial refinancing of existing term B due 2026 and revolver; Houston-based owner and operator of integrated midstream assets.

COLIBRI: $490 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; fund acquisitions and pay down revolver borrowings; St. Louis-based provider of career lifecycle management and mandatory professional education solutions.

EG GROUP: $500 million equivalent U.S. and euro senior secured add-on term B (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, OID 95 to 95.5, 101 soft call for six months from Nov. 10; euro add-on term B talked at Euribor plus 550 bps, 0% floor, OID 95 to 95.5, 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.

GREENWAY HEALTH LLC: $375 million 5.25-year first-lien term loan (B3/B-) talked at SOFR plus 575 bps to 600 bps, 0% floor, OID 97, 101 soft call for one year; Jefferies; refinance existing debt; Tampa, Fla., provider of software solutions to office-based physician practices and community health centers.

HILTON WORLDWIDE FINANCE LLC: Expected closing Nov. 9; $3.119 billion of term loans (Baa2/BBB-); Deutsche Bank, BofA Securities, JPMorgan, Wells Fargo, Barclays, Citigroup, Goldman Sachs and Truist; $2.119 billion seven-year covenant-lite term B at SOFR+10 bps CSA plus 200 bps, 0% floor, OID 99.75, 101 soft call for six months; $1 billion covenant-lite term B due June 2028 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, and general corporate purposes; 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.

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 (Ba2/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.

TRANSNETWORK LLC: $300 million term B (B2/B) talked at SOFR plus 550 bps to 575 bps, 0.5% floor, OID 97 to 97.5, 101 soft call for six months; Truist; fund acquisition of PNC Payment Holdings Inc. and refinance existing debt; Houston-based payment processor.

VERITIV CORP.: $1.525 billion credit facilities; RBC, Goldman Sachs, Wells Fargo, BMO, UBS, BNP Paribas, Mizuho, TD Securities, Natixis, Rabobank, Regions, Citizens, ING, Stifel and Scotia; $700 million seven-year term B (B2/B+) talked at SOFR plus 450 bps, 0% floor, OID 98; $825 million five-year ABL revolver; help fund buyout by Clayton, Dubilier & Rice LLC; Atlanta-based distributor of packaging, facility solutions and print products.

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.

CEDAR FAIR/SIX FLAGS: New debt financing; Goldman Sachs; $800 million of revolving credit commitments; refinance some existing debt in connection with merger of Cedar Fair and Six Flags Entertainment Corp.; Charlotte, N.C., amusement park operator.

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.

DAVIS-STANDARD LLC: New debt financing; Wells Fargo, BMO, UBS, Deutsche Bank, Stifel and Citizens; fund acquisition of the Extrusion Technology Group from Nimbus; Pawcatuck, Conn., provider of extrusion equipment and 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.

HILTON GRAND VACATIONS INC.: New debt financing; BofA Securities, Deutsche Bank, Barclays and JPMorgan; fund acquisition of Bluegreen Vacations; Orlando, Fla., timeshare company.

INSTRUCTURE HOLDINGS INC.: Roughly $685 million incremental credit facility debt; help fund acquisition of Parchment; Salt Lake City-based education technology 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.

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