Bank Loan Calendar: $22.6189 billion deals being marketed

April Lender Calls

AMG CRITICAL MATERIALS NV: Lender call April 2; $50 million add-on senior secured term B due November 2028 (Ba2/BB-) 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, 0.5% floor, OID 99.03, 101 soft call for six months; HSBC and Citigroup; lithium resource development and general corporate purposes; Amsterdam and Wayne, Pa.-based producer and developer of energy storage materials such as lithium and vanadium.

ANTICIMEX INC.: Lender call April 2; $402 million covenant-lite term B due November 2028 talked at SOFR plus 375 bps, 0.5% floor, OID 99.75, 101 soft call for six months; Deutsche Bank, BNP Paribas, Goldman Sachs, Morgan Stanley, Nordea and SEB; repay revolver borrowings, general corporate purposes and reprice term B-5; Stockholm-based preventive pest control company.

ENDO: Lender call April 2; $1.65 billion credit facilities (B+); Goldman Sachs and JPMorgan; $400 million super-priority revolver; $1.25 billion term B; help fund exit from Chapter 11; Dublin-based specialty pharmaceutical company.

GEOSTABILIZATION INTERNATIONAL: Lender call April 2; $45 million add-on term loan; KKR and UBS; acquisition financing; provider of highly specialized, mission-critical, and non-discretionary geohazard mitigation solutions.

SAMSONITE INTERNATIONAL SA: Lender call April 2; $500 million term B talked at SOFR plus 200 bps, 0.5% floor, OID 99.75 to par; JPMorgan; repricing; Hong Kong-based manufacturer of bags and luggage.

VEEAM SOFTWARE: Lender call April 2; $1.96 billion term B due April 2031 (B2/B) talked at SOFR plus 350 bps, 0% floor, OID 99.5; JPMorgan; refinance existing debt; Columbus, Ohio, provider of backup solutions that deliver cloud data management.

Upcoming Closings

ADT INC. (PRIME SECURITY SERVICES BORROWER LLC): $1.375 billion term B due Oct. 13, 2030 at SOFR plus 225 bps, 0% floor, issue price 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.

APX GROUP INC. (VIVINT): $1.316 billion term B due July 9, 2028 talked at SOFR plus 250 bps to 275 bps, 0.5% floor, OID 99.875 to par, 101 soft call for six months; BofA Securities; repricing; smart home platform company.

ASSUREDPARTNERS INC.: $900 million incremental senior secured covenant-lite first-lien term B-5 due Feb. 14, 2031 (B2/B) talked at SOFR plus 350 bps, 0.5% floor, OID 99.5 to 99.75, 101 soft call for six months; Morgan Stanley; refinance existing term B-4; Lake Mary, Fla., insurance brokerage firm.

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.

BRANDSAFWAY: $1.428 billion first-lien term B (including $100 million add-on) due August 2030 talked at SOFR plus 475 bps to 500 bps, 0.5% floor, OID 99.875 to par, 101 soft call for six months; Goldman Sachs, JPMorgan, Barclays, Natixis, ING, Societe Generale, Deutsche Bank, Credit Agricole, UBS, Morgan Stanley and SMBC; repricing, repay revolver borrowings and general corporate purposes; Atlanta-based provider of specialty craft services to industrial, commercial and infrastructure markets.

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.

CUSHMAN & WAKEFIELD: $998 million term B due 2030 talked at SOFR plus 375 bps, 0.5% floor, issue price par; JPMorgan; repricing; Chicago-based commercial real estate services 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.

EPIC Y-GRADE SERVICES LP: Expected closing April 4; $1.075 billion senior secured term B due June 30, 2029 (B3/B-) at SOFR plus 575 bps, 0% floor, OID 97.5, 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.

GENESEE & WYOMING INC.: $2.425 billion seven-year term B (Ba3/BB) talked at SOFR plus 225 bps to 250 bps, 0% floor, OID 99.5, 101 soft call for six months; RBC and Wells Fargo; help refinance existing debt and fund a shareholder distribution; Darien, Conn., provider of rail freight transportation and support services.

GEO GROUP INC.: $710 million credit facilities (B1/BB); Citizens; $310 million revolver; $400 million five-year term B talked at SOFR plus 525 bps, 0.75% floor, OID 98 to 98.5, hard call 102, 101; help refinance existing debt; Boca Raton, Fla., diversified government service provider.

HERBALIFE LTD. (HLF FINANCING SARL LLC): $900 million credit facilities; Citigroup; $400 million revolver; $500 million senior secured five-year covenant-lite term B (Ba2/B+) talked at SOFR plus 550 bps to 575 bps, 0.5% floor, OID 97, 101 soft call for one year; help refinance existing credit facilities and partially repay notes; Los Angeles-based health and wellness company.

INTERNATIONAL-MATEX TANK TERMINALS (ITT HOLDINGS LLC): $748 million sustainability-linked term B due Oct. 11, 2030 talked at SOFR plus 300 bps, 0.5% floor, issue price par, 101 soft call for six months; Wells Fargo, CIBC, First Horizon, MUFG, Regions Bank and Jefferies; repricing; New Orleans-based pure play bulk liquid storage and handling provider.

MYEYEDR. (MED PARENTCO. LP): Roughly $1.5506 billion credit facilities (B3/B-); Jefferies; roughly $150.6 million five-year revolver; $1.4 billion seven-year first-lien term loan talked at SOFR plus 425 bps, 25 bps leverage-based step-down, 0% floor, OID 99, 101 soft call for six months; help refinance existing debt; optometry platform.

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: Roughly $489.3 million first-lien term loan (including $110 million incremental) due Dec. 14, 2027 (B2) talked at SOFR plus 375 bps, 0.75% floor, OID 99.75 on incremental, issue price par on repricing, 101 soft call for six months; UBS; repricing, and fund a dividend, finance merger and acquisition activity and general corporate purposes; supplier of glass microspheres.

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.

RYMAN HOSPITALITY PROPERTIES INC. (RHP HOTEL PROPERTIES LP): $295 million term B due May 18, 2030 talked at SOFR plus 225 bps to 250 bps, 0% floor, issue price par, 101 soft call for six months; Wells Fargo; repricing; Nashville-based real estate investment trust that owns and operates a portfolio of large, group-oriented hotels in urban and resort markets.

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.

CADENT LLC: New debt financing; RBC; help fund acquisition of AdTheorent Holding Co. Inc.; New York-based provider of platform-based converged TV advertising solutions.

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.

NUVEI CORP.: $3.15 billion credit facilities; BMO; $600 million revolver; $2.55 billion term loan; help fund buyout by Advent International; Montreal-based technology provider in the payments industry.

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.

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