Bank Loan Calendar: $47.8559 billion deals being marketed

January Lender Calls

COPELAND: Lender call Jan. 30; roughly $1.769 billion term B due May 2030 talked at SOFR plus 250 bps, 0% floor, OID 99.75 to par for new money indications, issue price par for existing lenders, 101 soft call for six months; RBC; repricing; manufacturer of mission critical, highly engineered heating, ventilation, air conditioning and refrigeration components.

COSOLIDATED ENERGY FINANCE SA: Lender call Jan. 30; $745 million senior secured first-lien term B (//BB+); Morgan Stanley; help refinance bridge facilities and term loan Bs, and general corporate purposes; acquirer and developer of companies that focus on alternative waste management and energy production.

Upcoming Closings

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 (B3/B-) 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.

BGIS: $885 million senior secured covenant-lite first-lien term loan (B3) due May 31, 2028 talked at SOFR plus 450 bps, 0.5% floor, OID 98, 101 soft call for six months; Citigroup; refinance existing first-lien term loan; integrated facilities management company.

CORE & MAIN INC.: $750 million incremental term B (Ba3/BB-) talked at SOFR plus 225 bps to 250 bps, 0% floor, OID 99.5, 101 soft call for six months; JPMorgan; general corporate purposes, including the repayment of asset-based lending borrowings; St. Louis-based distributor of water, wastewater, storm drainage and fire protection products, and related services.

COVANTA: $579 million of term loans (including $399 million term B, $30 million term C and $150 million incremental) due Nov. 30, 2028 talked at SOFR plus 275 bps, 0.5% floor, OID 99.5 on incremental, issue price par on repricing, 101 soft call for six months; Barclays; repricing of existing term B and term C, and repay revolver borrowings; Morristown, N.J., provider of sustainable waste solutions.

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.

DURAVANT LLC (ENGINEERED MACHINERY HOLDINGS INC.): $125 million incremental first-lien term loan due May 21, 2028 talked at SOFR+CSA plus 375 bps, 25 bps step-down at less than 5x senior secured first-lien net leverage, 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; Jefferies, Societe Generale, UBS, Citigroup, KeyBanc, MUFG, Antares, Fifth Third and Rabobank; repay revolver borrowings and add cash to the balance sheet; Downers Grove, Ill., automation solutions company providing highly engineered equipment and related aftermarket parts and services.

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) (B3) 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.

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 (B) 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.

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.

HOWDEN GROUP HOLDINGS LTD.: $4.518 billion of U.S. term loans (B2); JPMorgan, Morgan Stanley, BofA Securities, Barclays, Goldman Sachs, RBC, Citigroup, HSBC, ING, Lloyds, NatWest and Santander; $3.435 billion seven-year term B talked at SOFR plus 325 bps to 350 bps, 0.5% floor, OID 99.5, 101 soft call for six months; $1.083 billion term B due 2030 talked at SOFR plus 325 bps to 350 bps, 0.5% floor, issue price par, 101 soft call for six months; also €660 million seven-year term B talked at Euribor plus 400 bps, 0% floor OID 99.5, 101 soft call for six months; £630 million revolver; help refinance existing debt, repricing of 2030 term loan and general corporate purposes; London-based insurance intermediary group.

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.

INIZIO: $150 million add-on term B due August 2028 talked at SOFR+10 bps CSA plus 425 bps, 0.5% floor, OID 99.03; JPMorgan, Citigroup and Morgan Stanley; repay revolver borrowings and general corporate purposes; provider of medical communications, marketing, advisory and packaging services to pharma and biotech clients.

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 at SOFR plus 400 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 at Euribor plus 400 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.): $1.275 billion seven-year term B (B1/B) talked at SOFR plus 475 bps, 0% floor, OID 96.5 to 97, 101 hard call for one year; BofA Securities, Goldman Sachs, BMO, Deutsche Bank, HSBC, Mizuho, Nomura, Santander, Stifel and UBS; also €350 million seven-year term B (B1/B) talked at Euribor plus 475 bps, 0% floor, OID 96.5 to 97, 101 hard call for one year; 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.

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.

PLAYAGS INC. (AP GAMING I LLC): Roughly $549.9 million first-lien term loan due Feb. 15, 2029 talked at SOFR plus 375 bps, 0.75% floor, issue price par, 101 soft call for six months; Jefferies; repricing; Las Vegas-based designer and supplier of diverse gaming products and services to the gaming 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.

RENAISSANCE LEARNING INC.: $2.015 billion term B due April 7, 2030 talked at SOFR plus 425 bps, 0.5% floor, OID 99.75 for net new money, issue price par for existing lenders, 101 soft call for six months; Barclays; repricing; Wisconsin Rapids, Wis., provider of software solutions for assessment, teaching and learning to K-12 schools and districts.

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.

TENCATE GRASS HOLDING BV (TOUCHDOWN ACQUIRER INC.): $835 million seven-year term B (including $150 million delayed-draw tranche) (B2/B) talked at SOFR plus 425 bps to 450 bps, 0% floor, OID 98.5, 101 soft call for six months; BofA Securities, Jefferies, Deutsche Bank, BMO, Societe Generale and ING; also, €350 million seven-year term B (B) talked at Euribor plus 425 bps to 450 bps, 0% floor, OID 98.5, 101 soft call for six months; help fund buyout by Leonard Green & Partners LP from Crestview Partners and add cash to the balance sheet; Netherlands-based manufacturer, distributor and installer of artificial turf and other surfaces for sports and the outdoor living segment.

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.

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.

UNITED RENTALS (NORTH AMERICA) INC.: $750 million seven-year covenant-lite term B (Baa3) talked at SOFR plus 175 bps, 0% floor, OID 99.5 to 99.75, 101 soft call for six months; Wells Fargo; help refinance existing term B; Stamford, Conn., equipment rental company.

VERRA MOBILITY CORP. (VM CONSOLIDATED INC.): Roughly $705 million first-lien term loan due March 26, 2028 talked at SOFR plus 275 bps to 300 bps, 0% floor, issue price par, 101 soft call for six months; BofA Securities; repricing; Mesa, Ariz., provider of smart mobility technology solutions and services.

WAUPACA FOUNDRY INC.: $360 million six-year covenant-lite term B (B2/B) talked at SOFR plus 600 bps, 1% floor, OID 98.5 to 99, 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.

WAYSTAR: $2.2 billion first-lien term loan (B3/B-/BB-) due May 2029 talked at SOFR plus 400 bps, 25 bps step-down at 0.5x inside closing leverage and 25 bps step-down upon an IPO, 0% floor, OID 99.5, 101 soft call for six months; JPMorgan, Barclays, BofA Securities, Deutsche Bank, Goldman Sachs and RBC; refinance existing first- and second-lien term loans; provider of health care payments software.

WESTJET LOYALTY LP: $1 billion seven-year senior secured term B (Ba3//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.

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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