Bank Loan Calendar: $10.426 billion deals being marketed

Upcoming Closings

CLARIOS GLOBAL LP: $2.743 billion term B due May 2030 talked at SOFR plus 325 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; JPMorgan, Scotia, Barclays, BMO, BNP Paribas, BofA Securities, CIBC, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, ING, RBC, Santander, Standard Chartered, TD Securities, UBS, US Bank and Wells Fargo; repricing; Milwaukee-based supplier of low-voltage automotive batteries.

HILTON GRAND VACATIONS INC.: $900 million seven-year senior secured term B (Ba2/BB+) talked at SOFR plus 275 bps to 300 bps, 0% floor, OID 99.5, 101 soft call for six months; BofA Securities, Deutsche Bank, Barclays, JPMorgan, MUFG and Goldman Sachs; help fund acquisition of Bluegreen Vacations; Orlando, Fla., timeshare company.

KBR INC.: $800 million seven-year term B (Ba1/BB) talked at SOFR plus 225 bps to 250 bps, 0% floor, OID 99.5, 101 soft call for six months; BofA Securities; refinance existing term B and pay down revolver borrowings; Houston-based provider of differentiated, professional services and technologies across a government, defense and industrial base.

LIGHT & WONDER INC.: $2.2 billion term B due 2029 talked at SOFR plus 275 bps, 0.5% floor, OID 99.75 to par, 101 soft call for six months; JPMorgan; repricing; Las Vegas-based cross-platform games and entertainment company.

OMNIA PARTNERS LLC: $1.805 billion senior secured term B (B2/B) due July 25, 2030 talked at SOFR plus 375 bps, 25 bps step-down at about a turn inside of opening first-lien net leverage, 0% floor, issue price par, 101 soft call for six months; Barclays; repricing; Franklin, Tenn., non-health care group purchasing organization.

ZELIS PAYMENTS BUYER INC.: Roughly $1.978 billion senior secured covenant-lite first-lien term B (B1/B+) due September 2029 talked at SOFR plus 300 bps to 325 bps, 0% floor, OID 99.5, 101 soft call for six months; Morgan Stanley; refinance/extend existing term B; Boston-based healthcare technology company.

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.

MASONITE INTERNATIONAL CORP.: Up to $1.8 billion in senior secured term B loans; Jefferies and SMBC; help fund acquisition of PGT Innovations Inc.; Tampa, Fla., designer, manufacturer, marketer and distributor of interior and exterior doors and door systems.

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.

SHEARER’S FOODS: New debt financing; Deutsche Bank, UBS, BMO, BNP Paribas, RBC and TD Securities; help fund buyout by Clayton Dubilier & Rice from Ontario Teachers’ Pension Plan Board; Massillon, Ohio, contract manufacturer and private label supplier serving the snack industry.

SIRIUSXM HOLDINGS INC.: New debt financing; Morgan Stanley, BofA Securities and JPMorgan; refinance some debt in connection with merger with Liberty Media Corp.’s Liberty SiriusXM tracking stock group; New York-based audio entertainment 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.