Bank Loan Calendar: $28.4904 billion deals being marketed

March Lender Calls

GENESEE & WYOMING INC.: Lender call March 27; $2.425 billion seven-year term B; RBC and Wells Fargo; help refinance existing debt and fund a shareholder distribution; Darien, Conn., provider of rail freight transportation and support services.

MYEYEDR. (MED PARENTCO. LP): Lender call March 27; roughly $1.5506 billion credit facilities; Jefferies; roughly $150.6 million five-year revolver; $1.4 billion seven-year first-lien term loan (B-), 101 soft call for six months; help refinance existing debt; optometry platform.

Upcoming Closings

ADT INC. (PRIME SECURITY SERVICES BORROWER LLC): $1.375 billion term B due Oct. 13, 2030 talked at SOFR plus 200 bps, 0% floor, OID 99.75 to par, 101 soft call for six months; Barclays; repricing; Boca Raton, Fla., provider of security, automation and smart home solutions services.

AGILITI INC.: $300 million incremental first-lien term loan due May 2030 (B2/B) talked at SOFR plus 300 bps to 325 bps, 0% floor, OID 99, 101 soft call for six months; JPMorgan; help fund buyout by Thomas H. Lee Partners LP; Eden Prairie, Minn., essential service provider to the U.S. healthcare industry.

AMERICAN AUTO AUCTION GROUP LLC: $100 million incremental first-lien term loan due Dec. 30, 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, 0.75% floor, OID 99.28; Jefferies and BMO; refinance existing debt and fund tuck-in acquisitions; used whole car auction market company.

AVANTOR INC.: $772 million term B due November 2027 talked at SOFR+10 bps CSA plus 200 bps, 0.5% floor, issue price par, 101 soft call for six months; Goldman Sachs; repricing; Radnor, Pa., provider of mission critical products and services to customers in the biopharma, health care, education & government, and advanced technologies & applied materials industries.

AVIENT CORP.: $728 million senior secured covenant-lite term B-8 due Aug. 29, 2029 talked at SOFR plus 175 bps to 200 bps, 0.5% floor, OID 99.875 to par, 101 soft call for six months; Citigroup; repricing; Avon Lake, Ohio, provider of specialized and sustainable material solutions.

COHERENT CORP.: $2.443 billion term loan due 2029 talked at SOFR plus 250 bps, 0.5% floor, OID 99.75 to par, 101 soft call for six months; JPMorgan; repricing; Saxonburg, Pa., provider of optical communications components and subsystems.

CRISIS PREVENTION INSTITUTE INC. (TEI HOLDINGS INC.): $400 million seven-year first-lien term loan (B3/B-) talked at SOFR plus 450 bps to 475 bps, 25 bps step-downs at 0.5x and 1x inside of first-lien net leverage, 0.5% floor, OID 99, 101 soft call for six months; Jefferies, Macquarie and Antares; refinance existing debt and fund a distribution to shareholders; provider of crisis de-escalation training programs.

DATAVANT (CIOX HEALTH/CT TECHNOLOGIES INTERMEDIATE HOLDINGS INC.): Roughly $752 million credit facilities (B3/B); UBS, Goldman Sachs and Deutsche Bank; $100 million revolver due December 2028; roughly $652 million first-lien term loan due December 2028 talked at SOFR plus 425 bps to 450 bps, OID 99 to 99.5, 101 soft call for six months; extend existing credit facilities; Alpharetta, Ga., health care data logistics company.

DYE & DURHAM: $367 million seven-year senior secured term B (B1/B) talked at SOFR plus 450 bps, 1% floor, OID 98, 101 soft call for six months; Goldman Sachs; help refinance existing first-lien capital structure and repay convertible debentures; Toronto provider of cloud-based software and technology solutions to law firms.

ECI SOFTWARE SOLUTIONS: Roughly $981 million first-lien term loan B due May 9, 2030 (B2/B-) talked at SOFR plus 375 bps, 0.75% floor, OID 99.5 to 99.75, 101 soft call for six months; BofA Securities; extend existing term B; Westlake, Tex., provider of enterprise resource planning solutions.

EPIC Y-GRADE SERVICES LP: $1.075 billion senior secured term B due June 30, 2029 (B3/B-) talked at SOFR plus 550 bps to 575 bps, 0% floor, OID 97.5 to 98, 101 soft call for six months; Barclays, Wells Fargo, UBS, TCS and MUFG; refinance existing debt and repay EPIC propane loan; transporter of natural gas liquids.

GIP II BLUE HOLDING LP (HESM HOLDCO): Roughly $524.9 million term B due Sept. 29, 2028 (Ba3/BB-) talked at SOFR plus 400 bps, 1% floor, issue price par, 101 soft call for six months; Morgan Stanley; repricing; owner of general partner and equity unit ownership interests in Hess Midstream LP and its operating subsidiary, Hess Midstream Operations LP.

HERBALIFE LTD. (HLF FINANCING SARL LLC): $500 million senior secured five-year covenant-lite term B (B+) talked at SOFR plus 550 bps to 575 bps, 0.5% floor, OID 97, 101 soft call for one year; Citigroup; help refinance existing credit facilities and partially repay notes; Los Angeles-based health and wellness company.

HIRERIGHT HOLDINGS CORP.: $300 million incremental first-lien term loan due September 2030 (B3/B) at SOFR plus 400 bps, 0% floor, OID 99; Goldman Sachs, RBC, Stone Point, Barclays, Citizens and Capital One; help fund acquisition by General Atlantic and Stone Point Capital LLC of shares that the sponsors do not already own and fund a distribution to HoldCo; Nashville-based provider of technology-driven workforce risk management and compliance solutions.

IMPRIVATA: $1.102 billion term B due December 2027 talked at SOFR plus 350 bps, 0.5% floor, issue price par, 101 soft call for six months; Goldman Sachs; repricing and combination of two term loans into one tranche; Waltham, Mass., digital identity solutions provider in healthcare.

INTERSTATE WASTE SERVICES INC.: $755 million term loan B (including $75 million delayed-draw tranche) due October 2030 talked at SOFR plus 400 bps to 425 bps, 0.5% floor, issue price par, 101 soft call for six months; JPMorgan; repricing; Teaneck, N.J., provider of waste and recycling services.

KAMAN CORP.: Expected closing in April; $965 million credit facilities (B2/B/BB); Morgan Stanley, BMO, RBC, Stifel and Capital One; $150 million revolver; $815 million seven-year senior secured covenant-lite first-lien term B at SOFR plus 350 bps, 25 bps step-down if first-lien net leverage is 5.25x, 0.75% floor, OID 99.75, 101 soft call for six months; help fund buyout by Arcline Investment Management LP and general corporate purposes; Bloomfield, Conn., OEM and producer of subassemblies, components and parts for the aerospace & defense, industrial and medical markets.

NRG ENERGY INC.: $875 million seven-year senior secured covenant-lite term B (BBB-/BBB-) talked at SOFR plus 200 bps, 0% floor, OID 99 to 99.5, 101 soft call for six months; Citigroup; repay notes and general corporate purposes; Houston-based provider of energy solutions and natural gas.

PAR PACIFIC (PAR PETROLEUM): $546 million covenant-lite term B due Feb. 28, 2030 talked at SOFR plus 375 bps, 0.5% floor, OID 99.75 for new money, issue price par for old money, 101 soft call for six months; Wells Fargo; repricing; Houston-based refiner, marketer, transporter and distributor of crude oil.

PARADIGM (OUTCOMES GROUP HOLDINGS INC.): $800 million credit facilities (B3/B); UBS; $100 million five-year revolver; $700 million seven-year first-lien term loan talked at SOFR plus 425 bps to 450 bps, 0% floor, OID 99, 101 soft call for six months; refinance existing credit facilities; Walnut Creek, Calif., accountable, specialty care management organization.

POTTERS INDUSTRIES LLC: $110 million incremental first-lien term loan (B2) due Dec. 14, 2027 talked at SOFR+10 bps CSA plus 400 bps, 0.75% floor, OID 99.5 to 99.75; UBS; fund a dividend, finance merger and acquisition activity and general corporate purposes; supplier of glass microspheres.

PROAMPAC: $2.497 billion term loan (including $263 million add-on) (B3/B-) talked at SOFR plus 400 bps to 425 bps, 0% floor, OID 99.75 on add-on, issue price par on repricing, 101 soft call for six months; JPMorgan; support acquisitions and repricing; Cincinnati-based manufacturer of flexible packaging and material science solutions.

RUSSELL INVESTMENTS: $1.207 billion first-lien term B due May 30, 2027 (B+) at SOFR plus 500 bps plus 150 bps PIK interest, 1% floor, 3 points cash OID, 4 points PIK OID, callable at par through December 2025, 101 through December 2026, 103 thereafter; Barclays; amend and extend existing first-lien term B; Seattle-based investment solutions provider.

SHARP SERVICES LLC: $852 million first-lien term B due December 2028 (B3/B-) talked at SOFR plus 375 bps to 400 bps, 0% floor, issue price par, 101 soft call for six months; JPMorgan; combine and reprice existing term loans; provider of pharmaceutical packaging, clinical trial supply and small-scale sterile manufacturing services.

SUPPLYONE: $795 million seven-year term B (B2/B) at SOFR plus 425 bps, 0% floor, OID 99, 101 soft call for six months; RBC; refinance existing private credit deal and general corporate purposes; distributor of corrugated and other packaging products, equipment and services.

SWISSPORT: $625 million seven-year term B (B2/B+/BB+) talked at SOFR plus 425 bps, 0% floor, OID 99.25 to 99.5, 101 soft call for six months; JPMorgan, Barclays, BofA Securities Inc., Citigroup, Morgan Stanley, UBS, Goldman Sachs, Natixis, NatWest, RBC and Santander; €625 million seven-year term B (B2/B+/BB+) at Euribor plus 425 bps, 0% floor, OID 99, 101 soft call for six months; repay existing debt, fund a capital return to shareholders and add cash to the balance sheet; Zurich-based provider of mission critical airport handling services.

TEKNI-PLEX INC.: (TRIDENT TPI HOLDINGS INC.): $875.6 million first-lien term B-5 due Sept. 17, 2028 talked at SOFR plus 400 bps, 0.5% floor, OID 99.75 to par, 101 soft call for six months; UBS; repricing; Wayne, Pa., provider of health care and consumer material solutions.

ULTRA CLEAN HOLDINGS INC.: $479 million senior secured term B due February 2028 (B1) talked at SOFR plus 375 bps, 0% floor, OID 99.5, 101 soft call for six months; Barclays, HSBC and SMBC; refinance/extend an existing term loan; Hayward, Calif., developer and supplier of critical subsystems, components and parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry.

VERITEXT: $940 million term B due August 2030 talked at SOFR plus 350 bps to 375 bps, 0.5% floor, issue price par, 101 soft call for six months; Goldman Sachs; repricing; Livingston, N.J., deposition service provider, assisting law firms and corporations in facilitating litigation proceedings.

VOYAGE DIGITAL (NZ) LTD.: $477.3 million senior secured covenant-lite first-lien term B due May 14, 2029 (Ba3/BB-) talked at SOFR plus 325 bps to 350 bps, 0.5% floor, issue price par, 101 soft call for six months; Morgan Stanley; repricing; telecommunications 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; $850 million revolver; potentially $500 million term B; refinance some existing debt in connection with merger of Cedar Fair and Six Flags Entertainment Corp.; Charlotte, N.C., amusement park operator.

COHESITY: New debt financing; JPMorgan; help fund combination with Veritas’ data protection business; San Jose, Calif., AI-powered data security and management company.

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.

DELTA UTILITIES: New debt financing; Jefferies and Scotiabank; help fund acquisition of CenterPoint Energy Inc.’s natural gas distribution operations in Louisiana and Mississippi; New Orleans-based natural gas distribution company.

END-USER COMPUTING: $2.86 billion credit facilities; UBS, KKR and Jefferies; $260 million revolver; $2.6 billion first-lien term loan; help fund buyout by KKR from Broadcom Inc.; provider of digital workspace solutions.

EVERI HOLDINGS INC./INTERNATIONAL GAME TECHNOLOGY INC. (IGNITE ROTATE LLC): $3.22 billion senior secured credit facilities; Deutsche Bank and Macquarie; $500 million five-year revolver; $2.72 billion seven-year term loan; help fund merger of Everi with International Game Technology plc’s Global Gaming and PlayDigital businesses; gaming and fintech company.

FIRST ADVANTAGE CORP.: $2.07 billion credit facilities; BofA Securities, Barclays, BMO, Jefferies and RBC; $250 million five-year revolver; $1.82 billion seven-year senior secured incremental covenant-lite term loan expected at SOFR plus 325 bps, two 25 bps step-downs at first-lien leverage of 0.5x and 1x less than at closing, 0% floor, 101 soft call for six months; help fund acquisition of Sterling Check Corp., retire existing Sterling debt, and expand and extend existing revolver; Atlanta-based provider of employment background screening, identity and verification solutions.

GLATFELTER CORP.: $1.835 billion senior secured credit facilities; Citigroup and Wells Fargo; $1.585 billion seven-year term loan; $250 million five-year ABL revolver; help fund merger with Berry Global Group Inc.’s health, hygiene and specialties global nonwovens and films business, and repay certain debt of Glatfelter; Charlotte, N.C., supplier of engineered materials.

RESTAURANT BRANDS INTERNATIONAL INC.: $750 million incremental senior secured covenant-lite term loan due Sept. 21, 2030 expected at SOFR plus 225 bps, 0% floor; JPMorgan; 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.

VIAVI SOLUTIONS: $900 million credit facilities; Wells Fargo; $100 million five-year revolver expected at SOFR plus 350 bps, two 25 bps step-downs based on leverage, 0% floor; $800 million seven-year covenant-lite term loan (//BB+) expected at SOFR plus 375 bps, two 25 bps step-downs based on leverage, 0% floor; help fund acquisition of Spirent Communications plc; Chandler, Ariz., provider of communications test, measurement and optical technologies.

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