Bank Loan Calendar: $63.0516 billion deals being marketed

January Lender Call

KOHLER ENERGY (DISCOVERY ENERGY HOLDING CORP.): Lender call Jan. 16; $1.625 billion seven-year term B, 101 soft call for six months; BofA Securities, Goldman Sachs, BMO, Deutsche Bank, HSBC, Mizuho, Nomura, Santander, Stifel and UBS; help fund the acquisition of a majority stake in Kohler Co.’s energy division by Platinum Equity; provider of mission critical power solutions to homes, businesses, and equipment.

VISTAGE WORLDWIDE: Lender call Jan. 17; $125 million add-on first-lien term loan due July 2029 talked at SOFR+CSA plus 525 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor; Golub; refinance second-lien term loan borrowings; San Diego-based member-based advisory company for executives of small- and medium-sized businesses.

Upcoming Closings

1-800 CONTACTS INC.: $350 million incremental term loan (B2) talked at SOFR plus 375 bps, 25 bps step-down at 5x net first-lien leverage, 0.75% floor, OID 99.5, 101 soft call for six months; KKR; partially refinance second-lien term loan and fund a shareholder distribution; Orem, Utah, seller of contact lenses.

ACCESS CIG LLC: $125 million incremental first-lien term loan due Aug. 18, 2028 talked at SOFR plus 500 bps, 0.5% floor, OID 98.5 to 99, 101 soft call through Feb. 18; Jefferies; refinance a portion of existing second-lien term loan; Livermore, Calif., provider of records and information management solutions for highly regulated industries.

AEGION CORP.: Roughly $809 million first-lien term loan due May 17, 2028 talked at SOFR plus 425 bps, 0.75% floor, issue price par, 101 soft call for six months; Jefferies; repricing; Chesterfield, Mo., provider of infrastructure maintenance, rehabilitation and protection solutions, primarily serving municipal water and wastewater entities.

ARCLIGHT GCX (AL GCX HOLDINGS LLC): $598 million first-lien term loan (Ba3/B+) due May 17, 2029 talked at SOFR plus 325 bps, 0.5% floor, issue price par for existing lenders, OID 99.75 to par for new money, 101 soft call for six months; Barclays; repricing; new-build 450-mile Permian natural gas pipeline.

ARCONIC CORP.: $1.421 billion term B at SOFR plus 375 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.

BRP INC. (BOMBARDIER RECREATIONAL PRODUCTS INC.): $750 million term B-4 (Ba1/BB) due January 2031 talked at SOFR plus 275 bps, 0% floor, OID 99.5 to 99.75, 101 soft call for six months; 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.

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.: Expected closing Jan. 31; $925 million seven-year senior secured covenant-lite term B-9 (Ba2/BB+/BB+) at SOFR plus 200 bps, 0% floor, OID 99.75, 101 soft call for six months; Citigroup, BofA Securities, Barclays, BMO, BNP Paribas, Credit Agricole, Deutsche Bank, Goldman Sachs, JPMorgan, Mizuho, Morgan Stanley, MUFG, Natixis, RBC, Santander and SMBC; refinance existing term B-9; Houston-based provider of power generation services.

CITADEL: Expected closing Jan. 29 week; $4.041 billion term B due July 2030 at SOFR plus 225 bps, 0% floor, issue price par, 101 soft call for six months; Goldman Sachs; repricing; Miami-based market maker in equities, options and fixed-income products.

CONSERVICE MIDCO LLC: Roughly $728 million first-lien term loan (including $67.5 million add-on) due May 2027 talked at SOFR plus 400 bps, 0% floor, OID 99.75 on new money, issue price par on existing lender commitments, 101 soft call for six months; UBS; repricing and partially repay second-lien term loan; River Heights, Utah, provider of utility management and billing software solutions to property owners and managers.

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.

DAVE & BUSTER’S INC.: Roughly $897.8 million covenant-lite term loan B due June 2029 talked at SOFR plus 325 bps, 0.5% floor, issue price par, 101 soft call for six months; Deutsche Bank; repricing; Coppell, Tex., owner and operator of entertainment and dining venues.

DEALER TIRE: Roughly $1.415 billion term B due December 2027 at SOFR plus 375 bps, 0.5% floor, OID 99.75, 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.

ENSEMBLE: $1.7 billion term B due August 2029 talked at SOFR plus 325 bps to 350 bps, 0% floor, OID 99.5, 101 soft call for six months; Goldman Sachs; refinance existing term B; Cincinnati-based provider of technology-enabled, end-to-end revenue cycle management services to hospitals and health systems.

FOCUS FINANCIAL: $2.237 billion term B-7 (B1/B+) due June 30, 2028 talked at SOFR plus 275 bps, 0.5% floor, OID 99.875, 101 soft call for six months; RBC and SPC; repricing and merger into one tranche of term B-5 and term B-6; New York-based partnership of independent, fiduciary wealth management firms operating in the registered investment advisor industry.

HARBOURVEST PARTNERS: $499 million term B due April 2030 talked at SOFR plus 250 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; JPMorgan; repricing; private markets firm.

IDEMIA: $750 million term loan due September 2028 talked at SOFR plus 425 bps, 0.75% floor, issue price par, 101 soft call for six months; JPMorgan, BNP Paribas, Credit Agricole, CM-CIC, Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley, Natixis, Nomura and Societe Generale; repricing; France-based provider of security technology products and services.

IMPERIAL DADE (BCPE EMPIRE HOLDINGS INC.): Roughly $2.143 billion first-lien term loan (including $150 million incremental) (B3/B-) due December 2028 talked at SOFR plus 400 bps to 425 bps, 0.5% floor, OID 99.75 on rolled positions, OID 99.5 on new commitments, 101 soft call for six months; UBS; repricing and pay down ABL borrowings; Jersey City, N.J., distributor of foodservice disposables and janitorial sanitation products.

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): $600 million add-on term B-3 (B1/B) due May 2028 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 and add cash to the balance sheet; 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: $2.978 billion term B (including $600 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 (BB-) 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 (B2) 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.

KENAN ADVANTAGE GROUP INC.: $1.725 billion credit facilities (B2/B); KeyBanc, Citizens, CIBC, ING, Barclays, MUFG, Regions, UBS and Fifth Third; $200 million five-year revolver; $1.525 billion five-year covenant-lite term B talked at SOFR plus 400 bps to 425 bps, 0% floor, OID 99, 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.

LIGHT & WONDER INC.: $2.167 billion first-lien term B due 2029 at SOFR plus 275 bps, 0.5% floor, issue price par, 101 soft call for six months; JPMorgan; repricing; Las Vegas-based cross-platform games and entertainment company.

MKS INSTRUMENTS INC.: $744 million equivalent U.S. and euro add-on term loans due August 2029; JPMorgan; U.S. add-on term loan talked at SOFR plus 250 bps, 0.5% floor, OID 99 to 99.5, 101 soft call for six months; euro add-on term loan talked at Euribor plus 300 bps, 0% floor, OID 99, 101 soft call for six months; refinance existing term A; Andover, Mass., provider of technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications.

PAREXEL: $550 million add-on term B (B2/B) due November 2028 talked at SOFR plus 325 bps, 0.5% floor, OID 99.03 to 99.5, 101 soft call for six months; Goldman Sachs, Barclays, UBS, DNB, Jefferies, BofA Securities, BNP Paribas, RBC, ING, PNC and Mizuho; refinance a portion of second-lien term loan; Durham, N.C., biopharmaceutical services company.

PROMACH GROUP INC.: $1.8542 billion senior secured covenant-lite first-lien term B (B1/B-) due Aug. 31, 2028 talked at SOFR plus 375 bps, 25 bps step-down at 4.75x first-lien net leverage, 1% floor, issue price par, 101 soft call for six months; Morgan Stanley; repricing; Covington, Ky., provider of packaging solutions.

ROUGH COUNTRY: $100 million add-on term loan due July 28, 2028 talked at SOFR+CSA plus 350 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; Golub and Jefferies; repay a portion of existing second-lien term loan; Dyersburg, Tenn., manufacturer and distributor of off-road accessories and suspension systems.

RYAN SPECIALTY GROUP LLC: $1.6 billion term B talked at SOFR plus 275 bps, 0.75% floor, OID 99.875 to par, 101 soft call for six months; JPMorgan; repricing; Chicago-based specialty insurance organization.

SBA COMMUNICATIONS CORP.: $2 billion seven-year term B (BBB-) talked at SOFR plus 200 bps, 0% floor, OID 99.5, 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.: $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.

SIGNATURE AVIATION PLC: $1.663 billion term B-2 (including $180 million add-on) (B2/B+) due July 2029 at SOFR plus 300 bps, 0.5% floor, issue price par on repricing, OID 99.75 on add-on, 101 soft call for six months; RBC; repricing and repay revolver borrowings; London-based aviation services company.

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.

SOLENIS: $796 million term B (B3/B-) due November 2028 talked at SOFR plus 425 bps, 0.5% floor, OID 99.75 to par, 101 soft call for six months; Goldman Sachs, BofA Securities, BMO, HSBC, Citigroup, Macquarie and Nomura; reprice and combine 2023 and 2022 incremental term loans; Wilmington, Del., provider of services for water intensive and disinfection end markets.

TMS INTERNATIONAL CORP.: $446.6 million term B due 2030 talked at SOFR plus 425 bps, 0.5% floor, OID 99.75 to par, 101 soft call for six months; JPMorgan; repricing; Pittsburgh-based provider of on-site industrial steel mill services for steelmakers.

WARNER MUSIC GROUP (WMG ACQUISITION CORP.): $1.295 billion senior secured term B due Jan. 20, 2028 talked at SOFR plus 200 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; JPMorgan; repricing; New York-based music entertainment company.

WESTINGHOUSE (BROOKFIELD WEC HOLDINGS INC.): $3.5 billion seven-year first-lien term loan (B1//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.

WEX INC.: $1.402 billion covenant-lite term B due April 1, 2028 talked at SOFR plus 175 bps to 200 bps, 0% floor, issue price par, 101 soft call for six months; Wells Fargo; repricing; Portland, Me., commerce platform that helps businesses solve for operational complexities.

WHATABRANDS LLC (WHATABURGER): Expected closing late January; $340 million incremental senior secured covenant-lite first-lien term B due Aug. 3, 2028 at SOFR+CSA plus 325 bps if total net first-lien leverage is more than 5x and SOFR+CSA plus 300 bps if total net first-lien leverage is 5x or lower, 0.5% floor, OID 99.75; Morgan Stanley, JPMorgan, BofA Securities, Citigroup and UBS; fund a partial redemption of preferred equity; San Antonio-based restaurant company.

ZELIS PAYMENTS BUYER INC.: Expected closing Jan. 15 week; roughly $1.978 billion senior secured covenant-lite first-lien term B (B1/B+) due Sept. 30, 2029 at SOFR plus 275 bps, 0% floor, OID 99.5, 101 soft call for six months; Morgan Stanley, Deutsche Bank, UBS, Antares, Truist, Jefferies, Apogem and Goldman Sachs; 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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