ADT, KAR, CoAdvantage, Waystar, OEConnection, Advanced Computer join primary calendar

By Sara Rosenberg

New York, Sept. 3 – Several companies surfaced with plans to launch loan transactions this week, including ADT Inc. (Prime Security Services Borrower LLC), KAR Auction Services Inc., CoAdvantage (AQ Carver Buyer Inc.), Waystar, OEConnection LLC and Advanced Computer Software Group Ltd., according to market sources.

ADT scheduled a lender call for 11 a.m. ET on Thursday to launch a $3.025 billion to $3.275 billion term loan B.

KAR will hold a lender call at 11 a.m. ET on Thursday to launch a $950 million seven-year term loan B (BB-) talked at Libor plus 250 basis points to 275 bps with a 0% Libor floor and an original issue discount of 99.5.

CoAdvantage scheduled a bank meeting for 10 a.m. ET in New York on Thursday to launch $500 million of facilities.

Waystar scheduled a bank meeting for 11 a.m. ET on Wednesday to launch an $825 million seven-year first-lien loan talked at Libor plus 425 bps with a 0% Libor floor and an original issue discount of 99 to 99.5.

OEConnection set a bank meeting in New York for Thursday to launch $472 million of credit facilities.

Advanced Computer scheduled a lenders’ presentation at 2 p.m. ET in New York on Thursday to launch a $407 million term loan B.

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