Bank Loan Calendar: $48.4 billion deals being marketed

January Lender Call

BRP INC. (BOMBARDIER RECREATIONAL PRODUCTS INC.): Lender call Jan. 9; $750 million term B-4 due January 2031; BMO, RBC, TD Securities, Citigroup, National Bank of Canada and CIBC; amend and extend a portion of term B-1; Valcourt, Quebec, designer, manufacturer, distributor and marketer of motorized recreational vehicles and powersports engines.

KENAN ADVANTAGE GROUP INC.: Lender call Jan. 9; $1.725 billion credit facilities; KeyBanc; $200 million five-year revolver; $1.525 billion five-year covenant-lite term B, 101 soft call for six months; extend existing credit facilities; North Canton, Ohio, provider of liquid bulk transportation services to the fuels, chemicals, liquid foods and merchant gas markets.

SBA COMMUNICATIONS CORP.: Lender call Jan. 9; $2 billion seven-year term B, 101 soft call for six months; TD Securities, Mizuho, Barclays, Citigroup, Goldman Sachs, JPMorgan and Wells Fargo; help refinance existing term B; Boca Raton, Fla., owner and operator of wireless communications infrastructure.

SEAWORLD PARKS & ENTERTAINMENT INC.: Lender call Jan. 9; $1.173 billion term B due August 2028 talked at SOFR plus 225 bps to 250 bps, 0.5% floor, issue price par, 101 soft call for six months; JPMorgan; repricing; Orlando, Fla., theme park and entertainment company.

Upcoming Closings

ARCONIC CORP.: $1.421 billion term B talked at SOFR plus 400 bps, 0% floor, issue price par, 101 soft call for six months; JPMorgan; repricing; Pittsburgh-based provider of aluminum sheet, plate and extrusions as well as architectural products.

CALIBER COLLISION (WAND NEWCO 3 INC.): $2.525 billion seven-year term B (B3/B) talked at SOFR plus 400 bps to 425 bps, 0% floor, OID 99, 101 soft call for six months; BofA Securities, Goldman Sachs, Deutsche Bank, Mizuho, Truist, RBC, Wells Fargo, BMO, JPMorgan, Jefferies, SMBC and PNC; help refinance existing debt and fund a distribution to shareholders; Lewisville, Tex., collision repair company.

CALPINE CORP.: $925 million seven-year senior secured covenant-lite term B-9 talked at SOFR plus 225 bps, 0% floor, OID 99.25 to 99.75, 101 soft call for six months; Citigroup; refinance existing term B-9; Houston-based provider of power generation services.

CITADEL: $4.041 billion term B due July 2030 talked at SOFR plus 225 bps, 0% floor, OID 99.875 to par, 101 soft call for six months; Goldman Sachs; repricing; Miami-based market maker in equities, options and fixed-income products.

CLARIOS GLOBAL LP: $2.743 billion term B due May 2030 at SOFR plus 300 bps, 0% floor, issue price 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.

CORPORATION SERVICE CO. (CSC): Roughly $983 million term B due Nov 3, 2029 talked at SOFR plus 275 bps to 300 bps, 0.5% floor, issue price par; BofA Securities; repricing; Wilmington, Del., provider of corporate, legal, tax and digital brand services.

DEALER TIRE: Roughly $1.415 billion term B due December 2027 talked at SOFR plus 375 bps to 400 bps, 0.5% floor, OID 99.5, 101 soft call for six months; JPMorgan; repricing; Cleveland-based manager of replacement tire and parts programs for automotive OEMs.

DIRECTV FINANCING LLC: $1.75 billion credit facilities (Ba3/BB); UBS and Barclays; $500 million revolver due Aug. 2, 2028; $1.25 billion first-lien term loan due Aug. 2, 2029 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, OID 98.75, 101 soft call for six months; extend revolver and portion of existing first-lien term loan; video distribution platform.

GODADDY INC.: $1.75 billion term B-5 (Ba1/BB) due November 2029 talked at SOFR plus 175 bps to 200 bps, 0% floor, issue price par, 101 soft call for six months; RBC, HSBC, Wells Fargo, BNP Paribas, JPMorgan, Barclays, MUFG, Goldman Sachs and Deutsche Bank; repricing; Tempe, Ariz., provider of web hosting and domain names.

HILTON GRAND VACATIONS INC.: $900 million seven-year senior secured term B (Ba2/BB+/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.

INSPIRE BRANDS INC. (IRB HOLDING CORP.): $4.237 billion first-lien term loan (B2/B+) due Dec. 15, 2027 talked at SOFR plus 275 bps, 0.75% floor, issue price par, 101 soft call for six months; Barclays; repricing; Atlanta-based multi-brand restaurant company.

INTERNATIONAL SOS: $686 million term B due September 2028 talked at SOFR plus 325 bps to 350 bps, 0.5% floor, issue price par, 101 soft call for six months; JPMorgan; repricing; provider of assistance and medical services to corporates, governments and other public entities.

INTERNET BRANDS (MH SUB I LLC): $300 million plus add-on term B-3 (B1/B) due May 2028 talked at SOFR plus 425 bps, 0.5% floor, OID 98, 101 soft call for six months; RBC and KKR; refinance term B-1 and term B-2; El Segundo, Calif., provider of software as a service and traffic driven marketplace/media offerings across health, legal, dental and media verticals.

JANE STREET GROUP LLC: $2.678 billion term B (including $300 million incremental) due Jan. 26, 2028 talked 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, OID 99.5 for new money, issue price par for repricing, 101 soft call for six months; Barclays; repricing and general corporate purposes; New York-based liquidity provider and electronic market maker with trading capabilities across asset classes.

JAZZ PHARMACEUTICALS (JAZZ FINANCING LUX SARL): Roughly $2.723 billion term B due May 5, 2028 talked at SOFR+CSA plus 300 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 0.5% floor, issue price par; BofA Securities; repricing; Dublin, Ireland, biopharmaceutical company.

JELD-WEN INC.: Roughly $536.3 million covenant-lite term B due July 28, 2028 talked at SOFR+CSA plus 200 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, issue price par, 101 soft call for six months; Wells Fargo; repricing; Charlotte, N.C., manufacturer of doors, windows and related building products.

JONES DESLAURIERS INSURANCE MANAGEMENT INC. (NAVACORD): $375 million term B due March 15, 2030 talked at SOFR plus 350 bps, 0% floor, issue price par, 101 soft call for six months; BofA Securities; repricing; Mississauga, Ont., commercial insurance broker.

KBR INC.: $800 million seven-year term B (Ba1/BB/BBB-) 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.

SOLARWINDS INC.: $1.1857 billion term B due February 2027 talked at SOFR plus 325 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; JPMorgan; repricing; Austin, Tex., provider of IT network and systems infrastructure management software.

WARNER MUSIC GROUP (WMG ACQUISITION CORP.): $1.295 billion term B due January 2028 talked at SOFR plus 200 bps, 0% floor, OID 99.75 to par; JPMorgan; repricing; New York-based music entertainment company.

WESTINGHOUSE (BROOKFIELD WEC HOLDINGS INC.): $3.5 billion seven-year first-lien term loan (//BB-) talked at SOFR plus 300 bps to 325 bps, two leverage-based step-downs, 0% floor, OID 99.5, 101 soft call for six months; Deutsche Bank; refinance existing term loan debt due August 2025; Cranberry Township, Pa., provider of infrastructure services to the nuclear power sector.

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 275 bps to 300 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.

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