Bank Loan Calendar: $28.49 billion deals being marketed

December Lender Calls

WIRECO WORLDGROUP INC.: Lender call Dec. 12; $472 million term B due November 2028 talked at SOFR plus 375 bps, 25 bps step-down upon an IPO, 0% floor, OID 99.75 to par, 101 soft call for six months; JPMorgan; repricing; Prairie Village, Kan., manufacturer and distributor of wires and synthetic ropes.

Upcoming Closings

A-GAS FINCO INC.: $520 million six-year senior secured covenant-lite term B (B2/B) talked at SOFR plus 500 bps, 25 bps step-down upon an IPO, 0.5% floor, OID 85 to 86, 101 soft call for one year; 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.

AMYNTA: $1.037 billion term loan due February 2028 talked at SOFR plus 450 bps, 0% floor, issue price par, 101 soft call for six months; BofA Securities; repricing; New York-based insurance services company.

ANCESTRY.COM (ARCHES BUYER INC.): $375 million incremental term B (B1/B) due December 2027 talked at SOFR plus 400 bps, OID 98 to 98.5, 101 soft call for six months; BofA Securities; help fund a shareholder distribution; Lehi, Utah, provider of digital family history services and consumer genomics.

ASPEN DENTAL: $780 million term loan due December 2027 talked at SOFR plus 575 bps to 600 bps, 0% floor, OID 95; JPMorgan; amend and extend existing term B-1; operator of a group of branded dental offices.

ASPIRE BAKERIES HOLDINGS LLC: $425 million seven-year first-lien term loan (B2/B) talked at SOFR plus 450 bps, 25 bps step-down upon an IPO, 0% floor, OID 98.5, 101 soft call for six months; JPMorgan; refinance existing first- and second-lien term loans; provider of baked goods.

AVOLON: Expected closing Dec. 27; roughly $2.334 billion term B-6 due June 22, 2028 at SOFR plus 200 bps, 0.5% floor, OID 99.75 for existing term B-5 lenders and new money, issue price par for existing term B-6 lenders, 101 soft call for six months; Deutsche Bank, Barclays, BNP Paribas, Fifth Third, Mizuho, Morgan Stanley, MUFG and Truist; consolidate existing term B-5 and existing term B-6 into one tranche and reprice the debt; Dublin-based aircraft lessor.

BELRON: $2.448 billion of term loans; JPMorgan and BofA Securities; roughly $1.58 billion term B due 2028 talked at SOFR+CSA plus 200 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-up if senior secured net leverage is 3.5x, 0.5% floor, issue price par, 101 soft call for six months; roughly $868 million term B due 2029 talked at SOFR+10 bps CSA plus 225 bps, 25 bps step-up if senior secured net leverage is 3.5x, 0.5% floor, issue price par, 101 soft call for six months; repricing; U.K.-based provider of vehicle glass repair and replacement services.

CASTLELAKE AVIATION: $1.156 billion senior secured first-lien term B (Ba3/BB) due Oct. 22, 2026 talked at SOFR plus 250 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; Morgan Stanley; repricing; Dublin, Ireland-based provider of aircraft financing, leasing and servicing solutions.

CATALENT PHARMA SOLUTIONS INC.: $500 million incremental term B-4 (Ba2/BB-) due 2028 talked at SOFR plus 300 bps to 325 bps, 0.5% floor, OID 98.5, 101 soft call for six months; JPMorgan; repay revolver borrowings; Somerset, N.J., provider of development sciences and manufacturing platforms for medicines.

CHOBANI LLC: $550 million incremental term B (B1/B-) due Oct. 23, 2027 talked at SOFR plus 400 bps to 425 bps, 0% floor, OID 98.5, 101 soft call for six months; BofA Securities, Goldman Sachs, JPMorgan and TD Securities; fund an acquisition but if the acquisition does not close, repay senior unsecured notes; food and beverage company known for Greek Yogurt.

CITADEL SECURITIES LP: $400 million incremental term B due July 28, 2030 talked at SOFR+CSA plus 250 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate, 42.826 bps six-month rate and 71.513 bps 12-month rate, 0% floor, OID 99.25 to 99.5, 101 soft call until Jan. 28, 2024; BofA Securities, Goldman Sachs and JPMorgan; for general corporate purposes, including trading capital; Miami-based capital markets firm and a provider of market-making services.

CLEAN HARBORS INC.: $983 million term B (BBB-) due October 2028 talked at SOFR+CSA plus 175 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 0% floor, OID 99.75 to par, 101 soft call for six months; Goldman Sachs; repricing; Norwell, Mass., provider of environmental and industrial services.

CQP HOLDCO LP: Closing expected Dec. 15; roughly $2.217 billion senior secured first-lien term B (B1/BB) due Dec. 31, 2030 at SOFR plus 300 bps, 0.5% floor, OID 99.75, 101 soft call for six months; Morgan Stanley, Blackstone, Brookfield, BMO, MUFG, RBC, SMBC and Wells Fargo; help refinance/amend and extend existing term B; owner and operator of natural gas facilities.

CULLIGAN INTERNATIONAL CO. (AI AQUA MERGER SUB INC.): Expected closing Dec. 29; $1.15 billion senior secured incremental covenant-lite first-lien term B (including $200 million unfunded delayed-draw tranche) due July 30, 2028 (B3/B) at SOFR plus 425 bps, 25 bps step-down at 4.75x net first-lien leverage, 0.5% floor, OID 97, 101 soft call for six months; Morgan Stanley, JPMorgan, BofA Securities and Goldman Sachs; 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.

DAVIS-STANDARD LLC (DS PARENT INC.): $450 million seven-year covenant-lite term B (B2/B) talked at SOFR plus 525 bps to 550 bps, 0.75% floor, OID 97 to 98, 101 soft call for six months; Wells Fargo; fund acquisition of the Extrusion Technology Group from Nimbus and refinance existing debt; Pawcatuck, Conn., provider of extrusion equipment and services.

EVERISE: $425 million seven-year covenant-lite term B (B3/B-) talked at SOFR plus 550 bps to 575 bps, 0% floor, OID 97, 101 soft call for six months; 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., health care services outsourcing company.

FOREFRONT DERMATOLOGY (DERMATOLOGY INTERMEDIATE HOLDINGS III INC.): $100 million incremental first-lien term loan (B2/B) due April 2, 2029 talked at SOFR plus 525 bps to 550 bps, 0.5% floor, OID 97 to 98, 101 soft call for six months; UBS; repay revolver drawings and fund acquisitions; Manitowoc, Wis., dermatology physician practice.

HIGHTOWER HOLDING LLC: $150 million add-on term B (B2) due April 2028 talked at SOFR+CSA plus 400 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, OID 99.03, 101 soft call for six months; JPMorgan; repay some revolver borrowings and general corporate purposes, including acquisition activity, Chicago-based registered investment adviser.

INNIO GROUP: €1.664 billion equivalent U.S. and euro covenant-lite term loans due November 2028 (B2/B+/B+); Citigroup, BNP Paribas, Deutsche Bank, Unicredit, Morgan Stanley, BofA Securities Inc., Credit Agricole, Erste and Helaba; minimum $500 million term loan talked at SOFR plus 425 bps to 450 bps, 0% floor, OID 98.5, 101 soft call for six months; minimum €900 million term loan talked at Euribor plus 425 bps to 450 bps, 0% floor, OID 98.5, 101 soft call for six months; help amend and extend existing U.S. and euro term loans, fund acquisition of Northeast-Western Energy Systems from Penn Power Group and pay a shareholder distribution; Jenbach, Austria, energy solution and service provider.

INTRAFI NETWORK LLC (NEXUS BUYER LLC): Expected closing Dec. 18 week; $500 million five-year incremental senior secured covenant-lite first-lien term B (B2/B-) at SOFR plus 450 bps, 0% floor, OID 97, 101 soft call for six months; Morgan Stanley, Nomura, RBC and UBS; fund a shareholder distribution and repay revolver balance; Arlington, Va., financial technology solutions provider offering deposit placement and funding services to financial institutions.

MARLINK GROUP (VENGA FINANCE): $50 million incremental first-lien term B due June 29, 2029 talked at SOFR+CSA plus 475 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, OID 97.75 to 98; BofA Securities and KKR; repay revolver borrowings; provider of end-to-end managed smart network and IT services solutions to maritime, enterprise and government customers in remote places.

MEDALLION MIDLAND ACQUISITION LP: Roughly $822 million first-lien term loan due Oct. 18, 2028 talked at SOFR plus 350 bps, 0% floor, issue price par for existing lenders, OID 99.75 for new money, 101 soft call for six months; Jefferies; repricing; crude oil gathering/intra-basin transport system.

NEP: $1.943 billion equivalent of term loans; Barclays, JPMorgan, HSBC, Macquarie, MUFG, Mizuho and PNC; $1.092 billion term B due Aug. 19, 2026 talked at SOFR plus 325 bps plus 150 bps accrued PIK interest, 0% floor, 150 bps upfront fee (PIK), 200 bps exit fee (cash); $123 million incremental term B due June 1, 2026 talked at SOFR plus 825 bps plus 150 bps accrued PIK interest, 1% floor, 200 bps upfront fee (PIK), 200 bps exit fee (cash); $209 million incremental term B due Aug. 19, 2026 talked at SOFR plus 400 bps plus 150 bps accrued PIK interest, 0.5% floor, 150 bps upfront fee (PIK), 200 bps exit fee (cash); $519 million equivalent euro term B due Aug. 19, 2026 talked at Euribor plus 350 bps plus 150 bps accrued PIK interest, 0% floor, 150 bps upfront fee (PIK), 200 bps exit fee (cash); extend existing term loans; Pittsburgh-based provider of outsourced live and broadcast production solutions.

NUVEI CORP.: $1.075 billion covenant-lite term B (Ba3/BB-) due December 2030 talked at SOFR plus 300 bps to 325 bps, 0.5% floor, OID 98.5 to 99, 101 soft call for six months; BMO, RBC and others; refinance existing reducing revolver and term B; Montreal-based payment technology company.

PLAYA HOTELS & RESORTS: $1.092 billion covenant-lite term B due January 2029 talked at SOFR plus 325 bps to 350 bps, 0.5% floor, issue price par, 101 soft call for six months; Deutsche Bank; repricing; owner, operator and developer of all-inclusive resorts.

R1 RCM INC.: $500 million incremental senior secured first-lien term B (Ba3/B+/BBB-) due June 2029 talked at SOFR plus 325 bps to 350 bps, 0% floor, OID 98.5, 101 soft call for six months; JPMorgan, BofA Securities and Barclays; help fund acquisition of Acclara from Providence; Murray, Utah, provider of technology-driven solutions that transform the patient experience and financial performance of health care providers.

SUMMIT BEHAVIORAL HEALTHCARE LLC: $200 million incremental first-lien term loan due Nov. 24, 2028 talked at SOFR+CSA plus 475 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, OID 98.5 to 99; Jefferies; refinance existing second-lien term loan; Franklin, Tenn., based behavioral health services provider.

TOUCHTUNES (TA TT BUYER LLC): $140 million incremental covenant-lite first-lien term loan (B3) due April 1, 2029 talked at SOFR plus 525 bps, 0.5% floor, OID 98.789, 101 soft call for six months; Citizens; pay down some second-lien term loan borrowings and fund a shareholder distribution; New York-based music distributor through a network of jukeboxes.

TRAVEL + LEISURE CO.: $598 million covenant-lite term B (including $300 million add-on) (BB-) due Dec. 14, 2029 talked at SOFR+10 bps CSA plus 325 bps to 350 bps, 0.5% floor, OID 99.5 to 99.75 on add-on, issue price par on repricing, 101 soft call for six months; Deutsche Bank, BofA Securities and others; repay notes and repricing; Orlando, Fla., membership and leisure travel company.

USI INC.: $2.475 billion term B due November 2029 talked at SOFR plus 325 bps, 0% floor, OID 99.875 area, 101 soft call for six months; BofA Securities and KKR; repricing; Valhalla, N.Y., insurance brokerage and consulting firm.

VERTIV GROUP CORP.: Expected closing Dec. 13; $2.123 billion senior secured covenant-lite term B (Ba3/BB) due March 2027 at SOFR+CSA plus 250 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 0% floor, issue price par, 101 soft call for six months; Citigroup, JPMorgan, BofA Securities and Goldman Sachs; repricing; Westerville, Ohio, provider of critical digital infrastructure and continuity solutions.

On The Horizon

AMENTUM: $1.13 billion senior secured incremental first-lien term loan; JPMorgan, Morgan Stanley and RBC; fund merger with Jacobs’ Critical Mission Solutions and Cyber & Intelligence government services businesses; Chantilly, Va., engineering and technology solutions provider.

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.

HILTON GRAND VACATIONS INC.: $900 million seven-year senior secured term loan (Ba2); BofA Securities, Deutsche Bank, Barclays and JPMorgan; help fund acquisition of Bluegreen Vacations; Orlando, Fla., timeshare company.

ROCKET SOFTWARE INC.: Incremental senior secured term loans; RBC, Barclays, Deutsche Bank, UBS, Citigroup, HSBC, Mizuho and SMBC; help fund acquisition of OpenText’s Application Modernization and Connectivity business; Waltham, Mass., provider of enterprise infrastructure software.

ROSEN GROUP: New debt financing; Barclays; help fund buyout by Partners Group; provider of solutions in all areas of the integrity process chain.

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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