Bank Loan Calendar: $51.2429 billion deals being marketed

Upcoming Closings

ADIENT: $635 million seven-year term B-2 at SOFR plus 275 bps, 0% floor, OID 99.75, 101 soft call for six months; BofA Securities; refinance existing term B-1; Plymouth, Mich., manufacturer of automotive seating.

AMERICAN BUILDERS & CONTRACTORS SUPPLY CO. INC. (ABC SUPPLY CO. INC.): $1.415 billion seven-year term B (Ba2) at SOFR plus 200 bps, 0% floor, OID 99.875, 101 soft call for six months; BofA Securities and Morgan Stanley; refinance existing term loans; distributor of building products.

ANKURA CONSULTING GROUP LLC: $577.1 million covenant-lite first-lien term loan due March 2028 talked at SOFR plus 400 bps, 0.75% floor, issue price par, 101 soft call for six months; Deutsche Bank; repricing; specialty consulting platform.

ARGUS MEDIA: $1.2 billion seven-year term B (B2/B+) talked at SOFR plus 375 bps, 0% floor, OID 99 to 99.5, 101 soft call for six months; JPMorgan, Citigroup, ING and SMBC; refinance existing term B and return capital to certain shareholders; London-based provider of intelligence to the global energy and commodity markets.

ARTERA SERVICES LLC: $740 million seven-year first-lien term loan talked at SOFR plus 500 bps, OID 98 to 99, 101 soft call for six months; UBS, BofA Securities, BMO, BNP Paribas, Citizens, Deutsche Bank, Jefferies, Mizuho, MUFG and PNC; help refinance existing debt; Atlanta-based provider of integrated infrastructure services serving utilities and midstream operators in the natural gas market.

BANIJAY: $555.8 million covenant-lite term B (B1/B+/BB-) due March 2028 talked at SOFR plus 325 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; BNP Paribas, Credit Agricole, Deutsche Bank, Natixis and Societe Generale; €555 million covenant-lite term B due March 2028 talked at Euribor plus 400 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; repricing; Paris-based independent content production company.

BMC SOFTWARE: $375 million add-on first-lien term loan (B2) at SOFR plus 425 bps, 0% floor, issue price par; KKR; help refinance existing second-lien term loan; Houston-based provider of IT software solutions.

BUCKEYE PARTNERS LP: $1.416 billion term B-1 due November 2026 talked at SOFR plus 200 bps, 0% floor, issue price par for existing/rollover orders, OID 99.75 for new money, 101 soft call for six months; MUFG; repricing; Houston-based owner and operator of integrated midstream assets.

CLARIVATE PLC: Expected closing Jan. 31; $2.15 billion seven-year senior secured covenant-lite term B (B1/BB-/BB+) at SOFR plus 275 bps, 0% floor, OID 99.75, 101 soft call for six months; Citigroup and Goldman Sachs; combine and extend existing term Bs due 2026; London-based data and analytics company focused on scientific and academic research and patent intelligence.

CRASH CHAMPIONS (CHAMPIONS FINANCING INC.): $650 million five-year senior secured term B (B3/B-) talked at SOFR plus 500 bps, 0% floor, OID 98 to 98.5, 101 soft call for six months; BofA Securities, BMO, JPMorgan, Deutsche Bank and Truist; help refinance existing Service King and Crash Champions debt; collision repair platform and a multiple shop operator.

CROCS INC.: Expected closing Feb. 13; $820 million senior secured covenant-lite term B due Feb. 17, 2029 (Ba2) at SOFR plus 225 bps, 0.5% floor, issue price par, 101 soft call for six months; Citigroup, HSBC, Morgan Stanley and PNC; repricing; Broomfield, Colo., casual footwear company.

ENVU (DISCOVERY PURCHASER CORP.): $100 million add-on covenant-lite first-lien term loan (B3/B-) due August 2029 talked at SOFR plus 437.5 bps, 0.5% floor, OID 98 to 98.5; BMO; repay revolver borrowings and general corporate purposes; Cary, N.C., provider of environmental products and solutions.

FAIRBANKS MORSE DEFENSE (ARCLINE FM HOLDINGS LLC): Roughly $334.5 million term loan (including $125 million incremental) due June 23, 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 99.25 to 99.5 on incremental, OID 99.75 to par on repricing, 101 soft call for six months; Jefferies; prepay a portion of existing second-lien term loan and reprice November 2023 loan; Beloit, Wis., provider of mission-critical propulsion and power generation systems, material handling devices, valves, actuators, motors and other hi-rel electrical components for the U.S. Navy and U.S. Coast Guard.

FITNESS INTERNATIONAL LLC: $1.275 billion credit facilities (B1/B+); BofA Securities, Wells Fargo, BMO, MUFG and JPMorgan; $675 million five-year term B talked at SOFR plus 475 bps, 0% floor, OID 97 to 98, 101 soft call for six months; $300 million revolver; $300 million term A; help refinance existing credit facilities; Irvine, Calif., owner-operator of fitness clubs.

FOUNDATION BUILDING MATERIALS: $1 billion seven-year term B-2 (B2/B) at SOFR plus 400 bps, 0% floor, OID 99, 101 soft call for six months; RBC, Goldman Sachs, Deutsche Bank, BofA Securities, US Bank, Truist, TD Securities, KeyBanc and UBS; partially pay down a HoldCo seller note and fund a shareholder dividend; Santa Ana, Calif., specialty distributor of wallboard, metal framing and suspended ceiling systems.

FOUR SEASONS HOTELS LTD.: $841.5 million senior secured covenant-lite first-lien term B (Ba3/BBB-) due November 2029 talked at SOFR plus 175 bps to 200 bps, 0.5% floor, issue price par, 101 soft call for six months; Morgan Stanley; repricing; Toronto-based luxury hotels company.

GARDA WORLD SECURITY CORP.: $1.438 billion add-on term loan due 2029 talked at SOFR plus 425 bps, 0% floor, OID 99.5 to 99.75, 101 soft call for six months; JPMorgan; refinance existing term B due 2026; Montreal-based provider of cash logistics and security solutions.

GMS INC. (GYP HOLDINGS III CORP.): $500 million covenant-lite term B due May 12, 2030 talked at SOFR plus 225 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; Wells Fargo; repricing; Tucker, Ga., distributor of interior construction products.

GOODRX: $662 million seven-year term B (B1) talked at SOFR plus 300 bps to 325 bps, 0% floor, OID 99.5, 101 soft call for six months; Goldman Sachs; refinance existing first-lien term loan; Santa Monica, Calif., consumer-focused digital healthcare platform.

GREYSTAR REAL ESTATE PARTNERS: $494 million term loan (including $45 million add-on) due August 2030 talked at SOFR plus 325 bps, 0.5% floor, issue par on repricing, OID 99.75 on add-on, 101 soft call for six months; JPMorgan; repricing and general corporate purposes; Charleston, S.C., real estate company.

HELP AT HOME LLC (HAH GROUP HOLDING CO. LLC): $100 million 2022-1/2023-1 incremental first-lien term loan due Oct. 29, 2027 talked at SOFR+CSA plus 500 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 1% floor, OID 99.25 to 99.5; Jefferies; pay down revolver borrowings and general corporate purposes; Chicago-based provider of home care services to complex chronic individuals.

HERSCHEND FAMILY ENTERTAINMENT: $464 million term B due August 2028 at SOFR plus 300 bps, 0.5% floor, issue price par, 101 soft call for six months; Goldman Sachs; repricing; Peachtree Corners, Ga., themed-entertainment company that operates theme parks, tourist attractions and resorts.

HUSKY INJECTION MOLDING SYSTEMS LTD.: $1.3 billion five-year covenant-lite term B (B3/B-) talked at SOFR plus 525 bps, 0% floor, OID 98, 101 soft call for six months; Deutsche Bank, BofA Securities and others; help refinance existing capital structure; Bolton, Ont., provider of engineered tooling, services and systems primarily to the food and beverage packaging and medical end markets.

IMAGEFIRST HOLDINGS LLC: $382.9 million term loan (including $20 million delayed-draw tranche) talked at SOFR plus 425 bps, 0.75% floor, issue price par for rollover, OID 99.75 for new money, 101 soft call for six months; Antares; refinance existing term loans due April 2028; King of Prussia, Pa., provider of outsourced laundry and textile rental services.

INEOS GROUP HOLDINGS: Minimum $500 million seven-year term B (Ba3/BB/BB+) talked at SOFR plus 375 bps to 400 bps, 0% floor, OID 99, 101 soft call for six months; Barclays, Deutsche Bank, Santander, Credit Agricole, Goldman Sachs, JPMorgan, ABN Amro, Commerzbank, ING, Intesa, KBC, Lloyds and Natwest; also minimum €300 million seven-year term B (BB/BB+) talked at Euribor plus 400 bps to 425 bps, 0% floor, OID 99, 101 soft call for six months; refinance some 2025 and 2026 maturities, acquisition financing and add cash to the balance sheet to prefund Project One; chemical company.

INTRAFI NETWORK LLC (NEXIS BUYER LLC): Expected closing Jan. 29 week; $300 million incremental covenant-lite first-lien term B due Dec. 13, 2028 at SOFR plus 450 bps, 0% floor, OID 98, 101 soft call protection through June 2024; Morgan Stanley, Nomura, RBC and UBS; fund a shareholder distribution; Arlington, Va., financial technology solutions provider offering deposit placement and funding services to financial institutions.

ION MARKETS: Roughly $1.822 billion first-lien term loan (including $125 million incremental) due April 2028 (B3/B-) talked at SOFR plus 425 bps, 0% floor, OID 99.5 on new commitments, OID 99.75 to par on rolled positions, 101 soft call for six months; UBS; fund a distribution and repricing; provider of mission-critical software for the global capital markets.

IQ-EQ (SAPHILUX SARL): $520 million term B due July 2028 talked at SOFR plus 425 bps, 0.5% floor, issue price par, 101 soft call for six months; Nomura, Deutsche Bank, HSBC, NatWest, Goldman Sachs, JPMorgan Chase Bank and Morgan Stanley; also €500 million term B due July 2028 talked at Euribor plus 425 bps to 450 bps, 0% floor, issue price par, 101 soft call for six months; repricing; investor services and independent fund specialist.

KOHLER ENERGY (DISCOVERY ENERGY HOLDING CORP.): $1.625 billion equivalent U.S. and euro seven-year term B (B1/B) talked at SOFR/Euribor plus 375 bps to 400 bps, 0% floor, OID 98, 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.

LUMMUS TECHNOLOGY HOLDINGS V LLC: Roughly $1 billion first-lien term loan due December 2029 (B1/B+) talked at SOFR+CSA plus 350 bps, CSA is 11 bps one-month rate, 26 bps three-month rate and 42 bps six-month rate, 0% floor, OID 99.5, 101 soft call for six months; UBS; extension of existing term loan; also extending existing revolver and letter of credit facility to December 2027; provider of process licenses, engineering services, catalysts and equipment for polymers & petrochemicals, services & supplies, clean fuels and crude-to-chemical, and new ventures.

MAGNITE INC.: $365 million senior secured covenant-lite first-lien term B due January 2031 (Ba3/BB-) talked at SOFR plus 450 bps, 0% floor, OID 99, 101 soft call for six months; Morgan Stanley, Citigroup, Barclays, Capital One, Goldman Sachs, MUFG, SVB and Truist; also new five-year revolver; refinance existing credit facilities; New York-based sellside advertising company.

MAVIS TIRE EXPRESS SERVICES TOPCO CORP.: Roughly $2.301 billion first-lien term loan due May 4, 2028 at SOFR plus 375 bps, 0.75% floor, issue price par, 101 soft call for six months; Jefferies; repricing; Millwood, N.Y., tire and service retailer.

MITRATECH: $60 million incremental first-lien term loan-1 (B2/B-) at SOFR+CSA plus 375 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.75% floor, OID 99.5; Golub; repay revolver borrowings and add cash to the balance sheet; Austin, Tex., technology partner for corporate legal, risk, compliance and HR professionals.

NGL ENERGY OPERATING LLC: $700 million seven-year term B (B2/B+/BB-) at SOFR plus 450 bps, step-down to SOFR plus 425 bps at 4x first-lien net leverage, 0% floor, OID 99.25, 101 soft call for six months; TD Securities, JPMorgan, Barclays, RBC, Wells Fargo, BofA Securities, MUFG and Texas Capital Bank; refinance existing debt and general corporate purposes; Tulsa, Okla., midstream energy company.

ORYX MIDSTREAM SERVICES PERMIAN BASIN LLC: $1.837 billion senior secured term loan due Oct. 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, OID 99.75, 101 soft call for six months; Barclays; repricing; Midland, Tex., midstream crude oil logistics provider.

PLUSGRADE: $420 million term loan B due 2031 (B2/B) talked at SOFR plus 450 bps, 0% floor, OID 98.5 to 99, 101 soft call for six months; JPMorgan, Barclays, BMO, Wells Fargo and Scotia; help support investment by General Atlantic; Montreal-based provider of ancillary revenue solution for the travel industry.

PRIMIENT (PRIMARY PRODUCTS FINANCE LLC): $1.044 billion first-lien term B due April 1, 2029 (B1/BB-/BB+) talked at SOFR+CSA plus 350 bps, CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, 0.5% floor, issue price par, 101 soft call for six months; Barclays; repricing; Schaumberg, Ill., manufacturer of nutritive sweeteners, industrial starches, acidulants, and other corn-derived products.

REFRESCO GROUP BV (PEGASUS BIDCO BV): $1.594 billion first-lien term B due 2029 talked at SOFR plus 375 bps, 0.5% floor, issue price par, 101 soft call for six months; JPMorgan, KKR, Goldman Sachs, Rabobank, ABN Amro, Commerzbank, ING and Morgan Stanley; also €1.53 billion first-lien term B due July 2029 talked at Euribor plus 375 bps to 400 bps, 0% floor, issue price par, 101 soft call for six months; repricing; Rotterdam, the Netherlands, beverage producer.

SABRE INDUSTRIES (TIGER ACQUISITION LLC): $85 million incremental first-lien term loan due June 1, 2028 at SOFR+10 bps CSA plus 325 bps, 0.5% floor, OID 99.1; Jefferies, Goldman Sachs, Blackstone and Wells Fargo; refinance a portion of second-lien term loan; Alvarado, Tex., provider of highly-engineered structures and services for customers in the U.S. utility and telecom markets.

SAVERS INC.: $322 million first-lien term B talked at SOFR plus 400 bps, 0.75% floor, issue price par, 101 soft call for six months; KKR; repricing; Bellevue, Wash., thrift store chain.

SCIENCE APPLICATIONS INTERNATIONAL CORP.: Up to roughly $510.3 million seven-year senior secured covenant-lite term B (Ba1/BB+) talked at SOFR plus 187.5 bps, 0% floor, OID 99.25 to 99.5, 101 soft call for six months; Citigroup; refinance existing term B and term B-2; Reston, Va., technology integrator.

SHEARER’S FOODS: $1.22 billion seven-year covenant-lite term B (B3/B) talked at SOFR plus 425 bps to 450 bps, 0% floor, OID 98, 101 soft call for six months; Deutsche Bank, UBS, Blue Owl, BMO, BNP Paribas, RBC, TD Securities, Goldman Sachs, Rabobank, Citizens, Macquarie, Mizuho, Natixis and Stifel; 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.

SUBCOM: $1.35 billion seven-year term B (B1/B+) talked at SOFR plus 475 bps to 500 bps, 0.75% floor, OID 99, 101 soft call for six months; Goldman Sachs; refinance existing term loans and fund a distribution to shareholders; Eatontown, N.J., subsea fiber optic cable turnkey service provider.

TACALA COS.: $725 million first-lien term loan (B3/B-) at SOFR plus 400 bps, 0.75% floor, OID 99.75, 101 soft call for six months; KKR; refinance first- and second-lien loans; Vestavia Hills, Ala., franchise operator of Taco Bell restaurants.

TEAM SERVICES GROUP LLC: $150 million incremental first-lien term B due December 2027 at SOFR+CSA plus 500 bps, CSA is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, 1% floor, OID 99.5; UBS; help fund acquisitions; San Diego-based provider of personal home care solutions.

TRANSUNION LLC: $1.888 billion term B-6 due December 2028 talked at SOFR plus 200 bps, 0.5% floor, issue price par, 101 soft call for six months; JPMorgan; repricing; Chicago-based information and insights company.

TRAVERSE MIDSTREAM PARTNERS LLC: $1.245 billion term B due February 2028 at SOFR plus 350 bps, 0.5% floor, issue price par, 101 soft call for six months; JPMorgan; repricing; equity owner of Rover Pipeline and Ohio River System midstream assets.

UKG INC.: $5.83 billion credit facilities (B1/B-/BB); Nomura, JPMorgan and others; $945 million five-year revolver; $4.885 billion seven-year covenant-lite first-lien term B talked at SOFR plus 350 bps to 375 bps, 0% floor, OID 99.5, 101 soft call for six months; help refinance existing first-lien term loans, pay down a revolver draw and fund cash to the balance sheet; provider of human capital management solutions based in Weston, Fla., and Lowell, Mass.

UNIVAR SOLUTIONS INC.: $500 million equivalent U.S. and euro term loans (B2//BB-); JPMorgan; $360 million add-on term loan due August 2030 at SOFR plus 450 bps, 0% floor, issue price par; $140 million equivalent euro add-on term loan due August 2030 at Euribor plus 450 bps, 0% floor, issue price par; fund a dividend; Downers Grover, Ill., specialty chemical and ingredient distributor.

VISTAGE WORLDWIDE: Roughly $618.8 million first-lien term loan (including $125 million add-on) (B2) due July 2029 at SOFR plus 475 bps, 0.75% floor, OID 99.5, 101 soft call for one year; Golub and Macquarie; refinance second-lien term loan and repricing; San Diego-based member-based advisory company for executives of small- and medium-sized businesses.

WAUPACA FOUNDRY INC.: $330 million six-year covenant-lite term B (B2/B) talked at SOFR plus 625 bps to 650 bps, 1% floor, OID 98, soft call 102, 101; BMO, PNC, KeyBanc and Silver Point; help fund buyout by Monomoy Capital Partners from Proterial Ltd.; Waupaca, Wis., supplier of cast and machined iron castings.

WELLSKY (PROJECT RUBY ULTIMATE PARENT CORP.): $640 million incremental first-lien term B due March 10, 2028 (B2/B) at SOFR plus 350 bps, 0% floor, OID 99.5, 101 soft call for six months; BofA Securities, Goldman Sachs, Deutsche Bank, BMO, RBC, TPG and Nomura; refinance existing term loans due 2028; Overland Park, Kan., provider of enterprise software to healthcare providers and human services organizations.

WESTJET LOYALTY LP: $1 billion seven-year senior secured term B (//BB-) talked at SOFR plus 375 bps to 400 bps, 0% floor, OID 98 to 99, 101 soft call for six months; Barclays; help partially repay an existing term B; Calgary, Alta., airline company.

WOOD MACKENZIE (PLANET US BUYER LLC): $1.315 billion seven-year term B (B2/B+) talked at SOFR plus 375 bps to 400 bps, OID 99, 101 soft call for six months; BofA Securities, Barclays, BMO, Citigroup, Deutsche Bank, JPMorgan and Nomura; refinance unitranche term loan; Edinburgh, UK-based provider of data, analytics, research and consulting services for the energy, renewables and natural resources sectors.

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.

KAMAN CORP.: New debt financing; Morgan Stanley; help fund buyout by Arcline Investment Management LP; Bloomfield, Conn., OEM and producer of subassemblies, components and parts for the aerospace & defense, industrial and medical markets.

MITER BRANDS: $2.125 billion senior secured credit facilities; KeyBanc and RBC; $325 million asset-based revolver; up to $1.8 billion term loan; help fund acquisition of PGT Innovations Inc.; manufacturer of precision-built windows and doors.

RESTAURANT BRANDS INTERNATIONAL INC.: Roughly $750 million of term loan debt; help fund acquisition of Carrols Restaurant Group Inc.; Toronto-based quick service restaurant 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.

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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