Bank Loan Calendar: $14.8826 billion deals being marketed

April Lender Calls

AMERICAN GREETINGS CORP.: Lender call April 9; $800 million 5½-year senior secured term B, 101 soft call for six months; Barclays; refinance existing first-lien term loan and any revolver borrowings, fund a distribution to shareholders and add cash to the balance sheet; Cleveland-based celebration solutions provider offering greeting cards, gift packaging, party goods, gifting products and digital offerings.

ISOLVED INC.: Bank meeting April 9; $623.6 million first-lien term loan (including $50 million incremental) due Oct. 12, 2030 talked at SOFR plus 350 bps to 375 bps, 0% floor, OID 99.75 on new money, issue price par on existing money, 101 soft call for six months; UBS; fund cash to the balance sheet, general corporate purposes and repricing; provider of cloud-based human capital management software.

MASORANGE (LORCA FINCO PLC): Lender call April 9; €1.5 billion equivalent U.S and euro seven-year covenant-lite term B (including roughly €190 million pre-placement) (Ba3/BB+/BB+),0% floor, 101 soft call for six months; BofA Securities, BNP Paribas, BBVA (on euro only), Natixis (on euro only), Caixa, Credit Agricole, Credit Suisse, Goldman Sachs, ING, Intesa, JPMorgan, Mizuho, Santander, SMBC and Societe Generale; help refinance drawn facilities; mobile and fixed telecom company in Spain.

ROCKET SOFTWARE INC.: Lender call April 9; $1 billion equivalent U.S. and euro term B due November 2028; RBC, Barclays, Deutsche Bank, UBS, Citigroup, HSBC, Mizuho, SMBC and Goldman Sachs; help fund acquisition of OpenText’s Application Modernization and Connectivity business; Waltham, Mass., provider of enterprise infrastructure software.

THRYV INC.: Lender call April 11; $350 million five-year term B, soft call 102, 101; Citizens; refinance existing debt; Dallas-based software and marketing services company.

TRACE3 (ESCAPE VELOCITY HOLDINGS INC.): Lender call April 9; $225 million covenant-lite incremental term B due Oct. 8, 2028 talked at SOFR plus 425 bps, 0.5% floor, OID 99.03, 101 soft call for six months; Wells Fargo, Jefferies, Santander and UBS; fund a shareholder distribution; Irvine, Calif., technology and software focused IT solutions provider.

UTZ QUALITY FOODS LLC: Lender call April 9; $630 million term B due Jan. 20, 2028 talked at SOFR plus 250 bps to 275 bps, 0% floor, issue price par, 101 soft call for six months; BofA Securities; repricing; Hanover, Pa., manufacturer of branded salty snacks.

Upcoming Closings

ADVANTAGE SALES & MARKETING INC.: $1.146 billion term B due Oct. 28, 2027 talked at SOFR+CSA plus 400 bps to 425 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, issue price par, 101 soft call for six months; BofA Securities; repricing; Irvine, Calif., provider of outsourced sales and marketing services to consumer goods manufacturers and retailers.

AECOM: $700 million seven-year first-lien term B (Baa3) talked at SOFR plus 187.5 bps to 200 bps, 0% floor, OID 99.5, 101 soft call for six months; BofA Securities; help refinance existing first-lien credit facilities and add cash to the balance sheet; Dallas-based provider of professional infrastructure consulting services.

AMAWATERWAYS LLC: $525 million seven-year term B (B2/B) talked at SOFR plus 375 bps to 400 bps, 25 bps step-downs at 4.5x and 4x first-lien net leverage and 25 bps step-down upon an IPO, 0% floor, OID 99, 101 soft call for six months; JPMorgan; help fund buyout by L Catterton from a consortium of investors led by Certares; Calabasas, Calif., luxury river cruise line.

ANTICIMEX INC.: $402 million covenant-lite term B due November 2028 (B2/B) talked at SOFR plus 375 bps, 25 bps step-down at 4.5x first-lien net leverage, 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.

BUYERS EDGE PLATFORM: $550 million seven-year term B (B1/B) talked at SOFR plus 400 bps, 0% floor, OID 99 to 99.5, 101 soft call for six months; JPMorgan, BofA Securities, Truist, Wells Fargo and GA Credit; refinance existing debt, fund a distribution and add cash to the balance sheet; Waltham, Mass., provider of procurement, supply chain management and software services to foodservice operators.

ECL ENTERTAINMENT LLC: $429 million first-lien term loan (including $50 million incremental) due August 2030 (B2/B+) talked at SOFR plus 425 bps, 0% floor, OID 99.5 on incremental, issue price par on repricing, 101 soft call for six months; Santander; fund a joint venture investment and repricing; multi-property regional gaming company.

END-USER COMPUTING (MODENA BUYER LLC): $2.86 billion credit facilities (B2/B); UBS, KKR, Jefferies, Citigroup, Natixis, SMBC and Scotia; $260 million five-year revolver; $2.6 billion seven-year first-lien term loan talked at SOFR plus 400 bps to 425 bps, 0% floor, OID 98.5, 101 soft call for six months; help fund buyout by KKR from Broadcom Inc.; Toledo, Ohio, provider of digital workspace solutions.

ENDO: $1.65 billion credit facilities (B2/B+); Goldman Sachs and JPMorgan; $400 million super-priority revolver; $1.25 billion seven-year term B talked at SOFR plus 475 bps to 500 bps, 25 bps step-down at 0.5x inside closing date first-lien net leverage, 0.5% floor, OID 98 to 98.5, 101 soft call for six months; help fund exit from Chapter 11; Dublin-based specialty pharmaceutical company.

MAUSER PACKAGING SOLUTIONS HOLDING CO.: $792 million term B due April 15, 2027 (B2) at SOFR plus 350 bps, 0% floor, issue price par, 101 soft call for six months; BofA Securities; repricing and extension; Oak Brook, Ill.-based provider of rigid packaging products and services.

MEGA BROADBAND INVESTMENTS LLC: $60 million incremental covenant-lite term loan B due 2027 talked at SOFR+CSA plus 300 bps, 25 bps step-down at 4.75x 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 99.3; Truist, UBS and Citizens; repay revolver borrowings; broadband provider.

RADNET MANAGEMENT INC.: $1.09 billion credit facilities (Ba3); Barclays; $250 million five-year revolver; $840 million seven-year term B talked at SOFR plus 275 bps, 0% floor, OID 99, 101 soft call for six months; refinance existing revolver, repay existing term B and general corporate purposes; Los Angeles-based owner and operator of outpatient diagnostic imaging centers.

SAMSONITE INTERNATIONAL SA: $500 million term B talked at SOFR plus 200 bps, 0.5% floor, OID 99.75 to par, 101 soft call for six months; JPMorgan; repricing; Hong Kong-based manufacturer of bags and luggage.

SAVAGE ENTERPRISES LLC: $275 million incremental senior secured covenant-lite first-lien term B due September 2028 (B1/BB-/BB-) talked at SOFR+CSA plus 325 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 99.5; Morgan Stanley; support an acquisition; Salt Lake City-based supply chain provider.

VISUAL COMFORT: $275 million first-lien term B due July 2028 (B2/B) talked at SOFR plus 350 bps, 0.5% floor, OID 99.75, 101 soft call for six months; Goldman Sachs; refinance existing second-lien term loan; Houston-based provider of decorative and functional lighting products.

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.

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.

ENDEAVOR GROUP HOLDINGS INC.: New debt financing; JPMorgan, Morgan Stanley, BofA Securities, Goldman Sachs, Barclays, Deutsche Bank and RBC; help fund buyout by Silver Lake; Beverly Hills, Calif., sports and entertainment company.

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.

PRESIDIO: New debt financing; JPMorgan, Citigroup, Wells Fargo, RBC, BNP Paribas, UBS and Deutsche Bank; help fund buyout by Clayton Dubilier & Rice from BC Partners; New York-based technology services and solutions provider.

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