Bank Loan Calendar: $22.75 billion deals in market

April Lender Calls

ANCHOR PACKAGING LLC: $725 million credit facility; $522 million term loan due July 2029 (B2/B); $203 million incremental term loan (B2/B); pricing SOFR plus 375 bps, 0% floor; UBS; producer of thermoformed food packaging solutions; commitments due April 30.

ASPLUNDH TREE EXPERT, LLC: $1 billion incremental first lien term loan B due 2031 (Ba1/BBB-); SOFR plus 175 to 200 bps, 0% floor, at 99.5, 101 soft call for six months; Wells Fargo (left arranger), BofA, PNC, Citizens, JPMorgan (lead arrangers); to support an acquisition, pay down revolver, add cash to balance sheet, fund potential acquisitions, and general corporate purposes; vegetation management services provider; lender call 11 a.m. ET April 25; commitments due May 9.

NORTHSTAR GROUP SERVICE, INC. and WASTE CONTROL SPECIALISTS LLC: $740 million six-year first lien term loan (B2/B+); talked at SOFR plus 475 bps to 500 bps, 0.5% floor, OID 99; 101 soft call for six months; Jefferies; to refinance ABL revolver and first lien term loan; waste management and environmental services company; lender call 12:30 p.m. ET April 25, commitments due May 7.

RIBBON COMMUNICATIONS INC.: $350 million six-year term B (B2/B-), pricing SOFR plus 550 to 600 bps; OID 98 to 98.5, hard call 102, 101; Citizens; refinance existing debt; Plano, Tex., provider of communications technology to service providers and enterprises; lender meeting April 24; commitments due May 6.

WATERBRIDGE NDB OPERATING LLC: $575 million five-year senior secured term loan B; price talk SOFR plus 475 bps, 0% floor, OID 98.5 to 99, 101 soft call for six months; Barclays; to repay debt, partially fund acquisition of DK Boyd, pre-fund capital expenditures, and general corporate purposes; Houston-based privately-held midstream water management company; commitments due May 7.

Upcoming Closings

AHEAD DB HOLDINGS LLC: $613 million term loan due February 2031 talked at SOFR plus 375 bps, 0.75% floor, OID 99.5 to 99.75, 101 soft call until Aug. 1; RBC; extension of first-lien term loan-1; Chicago-based IT solutions provider of enterprise hardware and software.

AMERICAN GREETINGS CORP.: $800 million 5½-year senior secured term B (B2) talked at SOFR plus 575 bps to 600 bps, 0% floor, OID 98 to 98.5, 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.

BRAZOS MIDSTREAM (BRAZOS DELEWARE II LLC): $750 million term B due Feb. 11, 2030 (B1/B+) talked at SOFR plus 350 bps, 0.5% floor, OID 99.75 to par for new money, issue price par for existing money, 101 soft call for six months; Barclays; repricing; Fort Worth-based natural-gas and crude-oil midstream company.

BROCK HOLDINGS III LLC: $675 million credit facilities; $525 million six-year first-lien term B (B3/B-) at SOFR plus 600 bps, 0.5% floor, OID 98, 101 hard call for 12 months; $150 million asset-based revolver; refinance existing capital structure; Deutsche Bank, Ally, CIBC, KKR, MUFG; Houston-based industrial specialty craft services provider of scaffolding, coatings, insulation, painting, abatement, and other soft crafts, as well as mechanical and safety services; expected closing May 1.

CAST & CREW: $950 million term B due December 2028 talked at SOFR plus 400 bps to 425 bps, 0.5% floor, OID 99, 101 soft call for six months; Goldman Sachs; refinance existing term B and repay revolver borrowings; Burbank, Calif., provider of software and services to the entertainment production industry.

DAVITA INC.: $1.64 billion term B due 2031; SOFR plus 200 bps, 0% floor, OID 99.5, 101 soft call for six months; Goldman Sachs; refinance existing term B; Denver-based provider of kidney dialysis services; expected closing week of May 6.

DELOS AIRCRAFT DESIGNATED ACTIVITY CO., indirect wholly owned subsidiary of AERCAP HOLDINGS N.V.: $600 million term loan B due Oct. 31, 2027 repricing (Baa1/BBB/BBB); SOFR plus 175 bps (from 200 bps), 0% floor, at par, 101 soft call protection resets a six months; Deutsche Bank (left arranger), Fifth Third (joint arrangers), others to be announced; Dublin-based aircraft leasing company; expected closing April 30.

GLOBAL MEDICAL RESPONSE INC.: $3.566 billion term loan due October 2028 (B3/B-) talked at SOFR plus 550 bps, of which 75 bps is PIK if corporate ratings are B3/B- and 125 bps is PIK if lower than B3/B-, OID 99 PIK; KKR; amend and extend existing first-lien term loans; Lewisville, Tex., provider of medical transportation and response services.

INFOBLOX INC. (DELTA TOPCO INC.): $2.145 billion of term loans; Morgan Stanley, Barclays, Mizuho, Jefferies and Macquarie; $1.69 billion senior secured covenant-lite first-lien term B (B2/B-/B) at SOFR plus 350 bps, 0% floor, OID 99.75, 101 soft call for six months; $455 million covenant-lite second-lien term loan (Caa2/CCC/CCC) talked at SOFR plus 525 bps, 0% floor, OID 99.5, hard call 102, 101; refinance existing first- and second-lien term loans and fund a distribution to ownership; Santa Clara, Calif., provider of cloud networking and security services.

MORTON (SCIH SALT HOLDINGS INC.): Roughly $1.543 billion covenant-lite first-lien term B due March 2027 (B3/B) talked at SOFR plus 350 bps to 375 bps, 0.75% floor, issue price par, 101 soft call for six months; Morgan Stanley; repricing; Chicago-based salt producer.

NOMAD FOODS US LLC: Approximately $693 million term loan B5 due November 2029 (B1/BB-/BB+); SOFR plus 250 bps, 0.5% floor, at par, 101 soft call for six months; Jefferies, Citigroup, Credit Agricole, Rabo; reprice term loan B4; UK-based frozen foods company.

PRESS GANEY (AZALEA TOPCO INC.): $1.825 billion seven-year term B (B3/B-) at SOFR plus 375 bps, 0% floor, OID 99, 101 soft call for six months; Barclays; repay revolver borrowings, first-lien term loans and second-lien notes, and redeem Series A preferred stock; provider of mission-critical experience management solutions for healthcare providers and payors, pharmaceutical companies and other complex industries outside the healthcare industry.

SPRING EDUCATION GROUP: $848 million covenant-lite first-lien term loan due October 2030 at SOFR plus 400 bps, 0% floor, OID 99.75 for new money, issue price par for existing lenders, 101 soft call for six months; Macquarie; repricing; Campbell, Calif., private pre-K through 12th grade school operator.

SUMMIT BEHAVIORAL HEALTHCARE, LLC: Approximately $796 million first lien term loan due Nov. 24, 2028 (B3/B-) repricing; SOFR plus 425 bps, 0.75% floor, OID par, CSA removed, 101 soft call for six months; Jefferies; Franklin, Tenn.-based behavioral healthcare services.

THRYV INC.: $350 million five-year term B (B3/B+); SOFR plus 675 bps, 1% floor, OID 99, soft call 102, 101; Citizens; refinance existing debt; Dallas-based software and marketing services company.

TRONOX FINANCE LLC (TRONOX HOLDINGS PLC): $741 million term loan B due April 4, 2029 (Ba2/BB); SOFR plus 275 bps, 0% floor, OID 99.875, 101 soft call for six months; HSBC, UBS, Citigroup, BofA, Barclays, BNP Paribas, Deutsche Bank; to reprice $349 million SOFR plus 350 bps term loan B due 2028 and $392 million SOFR plus 325 bps term loan B due 2029 into single tranche due 2029; supplier of titanium products for mining sector.

UNITED NATURAL FOODS INC.: $500 million seven-year term loan (B+) talked at SOFR plus 500 bps to 525 bps, 0% floor, OID 97 to 98, call protection 102, 101; JPMorgan; help refinance existing term loan; Providence, R.I., grocery wholesaler.

VIAD CORP.: $321 million term B due July 31, 2028 talked at SOFR plus 425 bps to 450 bps, 0.5% floor, issue price par, 101 soft call for six months; BofA Securities; repricing; Scottsdale, Ariz., provider of experiential leisure travel and live events and marketing experiences.

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.

ASSETMARK FINANCIAL HOLDINGS, INC.: $1.55 billion of debt; $1.3 billion first-lien term loan; $250 million revolver; UBS and Barclays; help fund acquisition by GTCR; Concord, Calif.-based provider of wealth management and technology services

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.

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.

RESIDEO TECHNOLOGIES INC.: $600 million incremental senior secured term loan; BofA Securities and Morgan Stanley; help fund acquisition of Snap One Holdings Corp.; Scottsdale, Ariz., manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions to homes.

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