Bank Loan Calendar: $26.1381 billion deals being marketed

January Bank Meetings

PHOENIX GUARANTOR INC. (BRIGHTSPRING HEALTH SERVICES): $1.65 billion seven-year term loan B (B1/B); Morgan Stanley Senior Funding, Inc. (joint bookrunner, administrator), Credit Suisse Loan Funding LLC, Jefferies Finance LLC, KKR Capital Markets LLC, Credit Agricole CIB (joint bookrunners); pricing Libor plus 450 to 475 bps, 0% Libor floor at 98.50, 101 soft call for six months, 1% annual amortization, also $187.5 million five-year revolver; to finance the combination of PharMerica and BrightSping under KKR and Walgreens Boots Alliance ownership; Louisville, Ky.-based health care services provider; commitments due Feb. 8.

CIVITAS SOLUTIONS, INC.: $1.18 billion credit facilities; $125 million revolver; $855 million first lien letter of credit term loan; $200 million second lien term loan to be privately placed; Goldman Sachs (left lead), UBS, RBC, KeyBank, BMO, Fifth Third (joint leads); to fund the LBO by Centerbridge; home and community-based health and human services provider; bank meeting Jan. 23.

COMMSCOPE INC.: $3,869,000,000 seven-year term loan B; JPMorgan, price talk Libor plus 325 to 350 bps, 0% Libor floor, OID 98, 101 soft call for size months; $750 million ABL revolver expected at Libor plus 150 bps, 0% Libor floor; up to $5.5 billion seven-year senior secured incremental covenant-light first-lien term loan B-2 expected at Libor plus 250 bps, 25 bps step-down at first-lien leverage of 0.5 times less than closing first-lien leverage, 0% Libor floor, 101 soft call for six months; help fund acquisition of Arris International plc; Hickory, N.C., provider of infrastructure services for communication networks; bank meeting Jan. 28; commitments due Feb. 6.

DUN & BRADSTREET CORP.: Expected late January/early February business; $3.53 billion senior secured credit facilities; Bank of America, Citigroup and RBC; $400 million revolver; $3.13 billion term loan; help fund buyout by an investor group led by CC Capital, Cannae Holdings and Thomas H. Lee Partners LP; Short Hills, N.J., provider of commercial data and analytics.

EDGEWATER GENERATION via PADE FACILITIES II, LLC: $100 million incremental covenant-light first-lien term loan due Dec. 13, 2025 (Ba3/BB); Credit Suisse (lead arranger); pricing Libor plus 375 bps with 0% Libor floor (same as existing loan), issue price to be determined, 101 soft call through June 10, 2019 (same as existing loan); for acquisition financing; Edgewater is a portfolio of two unregulated operational gas-fired combined-cycle gas turbines; lender call Jan. 22, commitments due Jan. 29.

FASTMED URGENT CARE: $400 million seven-year first lien term loan and $125 million eight-year second lien term loan; Barclays (agent, bookrunner), SG, Antares (bookrunners); to fund the acquisition of NextCare Holdings; Clayton, NC-based provider of walk-in clinic services; bank meeting Jan. 24.

INMAR, INC.: $415 million covenant-light first-lien term loan due May 1, 2024; Credit Suisse, Jefferies, Wells Fargo, Deutsche Bank; spread and price to be determined; 1% Libor floor; 101 soft call for six months; to finance the acquisition of You Technology; Winston-Salem, N.C.-based technology company; bank meeting Jan. 22; commitments due Jan. 30.

LIFEMILES LTD. $75 million add-on term loan B due August 2022 (Ba2/BB-); Morgan Stanley Senior Funding, Inc. (joint lead arranger, joint bookrunner), Deutsche Bank (joint lead arranger, joint bookrunner, administrator); pricing Libor plus 550 bps, 1% Libor floor, OID 99.50, 101 hard call through August 2019, 10% annual amortization; to pay a dividend to shareholders; Latin American coalition loyalty program and the exclusive operator of Avianca’s frequent flyer program; commitments due Jan. 29.

MHS, INC. (MATERIAL HANDLING SYSTEMS): $45 million fungible add-on to existing Libor plus 500 bps (1% Libor floor) term loan B due May 1, 2024 ($580 million existing); RBC Capital Markets LLC; OID 99; to repay revolver borrowings; Mt. Washington, Ky.-based provider of parcel handling solutions; commitments due Jan. 28.

PFC ACQUISITION CORP. (PF CHANG’S): $430 million seven-year first lien term loan (B/B+); Credit Suisse (left arranger), KKR (joint arranger); pricing Libor plus 675 to 700 bps, 0% Libor floor at 98, call protection 102, 101; to finance the acquisition of the company by TriArtisan Capital Partners LLC and Paulson & Co. Inc.; also $55 million revolver; Scottsdale, Ariz.-based Chinese restaurant chain; bank meeting Jan. 28; commitments due Feb. 8.

Upcoming Closings

AIMBRIDGE HOSPITALITY: $430 million of credit facilities (B1/B); JPMorgan; $60 million five-year revolver; $370 million seven-year covenant-light term B at Libor plus 375 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Advent International from Lee Equity Partners and General Atlantic; Dallas-based third-party hotel operator.

ALLEGIANT TRAVEL CO.: $450 million five-year senior secured term B (Ba3/BB-) talked at Libor plus 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; Barclays; refinance notes; Las Vegas-based operator of a passenger airline marketed to leisure travelers in small cities.

CALIBER COLLISION (WAND NEWCO3 INC.): $1.85 billion seven-year covenant-light term B (B1/B) talked at Libor plus 400 bps, 0% Libor floor, OID 98.5 to 99; Bank of America, Deutsche Bank, Jefferies, SunTrust and BMO; help fund merger with Abra Auto Body Repair of America; Lewisville, Texas, vehicle repair company.

CAST & CREW ENTERTAINMENT SERVICES: $1.18 billion credit facilities; Goldman Sachs and RBC; $90 million revolver (B2/B+); $765 million seven-year first-lien term loan (B2/B+) at Libor plus 400 bps, step-down to Libor plus 375 bps when first-lien net leverage is 4.75x, 0% Libor floor, OID 99, 101 soft call for six months; $325 million privately placed second-lien term loan; help fund buyout by EQT Partners from Silver Lake; Burbank, Calif., provider of software and services to the entertainment production industry.

DISCOVERORG LLC: $1.335 billion senior secured credit facilities; Morgan Stanley, Barclays and Antares; $100 million revolver; $825 million seven-year covenant-light first-lien term B talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 98 to 98.5, 101 soft call for six months; $410 million eight-year covenant-light second-lien term loan talked at Libor plus 875 bps to 900 bps, 0% Libor floor, OID 98, call protection 102, 101; fund acquisition of Zebra and refinance existing debt; Vancouver, Wash., provider of sales and marketing data.

DURAVANT LLC (ENGINEERED MACHINERY HOLDINGS INC.): $160 million incremental first-lien term loan (B2/B-) due July 2024 at Libor plus 425 bps, 0% Libor floor, OID 98, 101 soft call for six months; Jefferies, Citigroup, Credit Suisse, Antares and Societe Generale; help fund acquisition of Wulftec International; Downers Grove, Ill., automation solutions platform providing highly engineered equipment and related aftermarket parts and services.

EDGEWOOD PARTNERS HOLDINGS LLC (EPIC): $345 million of incremental first-lien term loan debt; Antares and Golub; $295 million incremental first-lien term loan talked at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; $50 million delayed-draw incremental first-lien term loan talked at Libor plus 425 bps, 1% Libor floor, OID 99; also $325 million privately placed second-lien term loan and $50 million privately placed delayed-draw second-lien term loan; fund an acquisition, repay revolver drawings and refinance existing second-lien term loan; San Francisco-based insurance, risk management and employee benefits brokerage and consulting firm.

FLEETPRIDE (FASTLANE PARENT CO. INC.): $1.07 billion credit facilities; Barclays, RBC, Jefferies, Citigroup and Goldman Sachs; $225 million five-year ABL revolver; $620 million seven-year first-lien term loan (B2/B-) talked at Libor plus 450 bps, 0% Libor floor, OID 97 to 98, 101 soft call for six months; $225 million privately placed eight-year second-lien term loan (Caa2/CCC); help fund already completed buyout by American Securities from TPG Capital; Irving, Texas, distributor of aftermarket heavy-duty truck and trailer parts.

HUBBARD RADIO LLC: Expected closing Jan. 21 week; $80 million add-on term B due April 2025 (B1/BB-) at Libor plus 350 bps, 1% Libor floor, OID 98.51, 101 soft call for six months; Morgan Stanley; fund acquisition of six radio stations in West Palm Beach, Fla. from Alpha Media; St. Paul, Minn., broadcasting company.

KOFAX (PROJECT LEOPARD HOLDINGS): $410 million covenant-light first-lien term loan (B2/B) due July 2023 talked at Libor plus 425 bps, 1% Libor floor, OID 98 to 98.5, 101 soft call for six months; Credit Suisse, Goldman Sachs, Deutsche Bank and UBS; fund acquisition of Nuance Document Imaging from Nuance Communications Inc.; Irvine, Calif., provider of software solutions and services across multi-channel capture and financial process automation markets.

MKS INSTRUMENTS INC.: $750 million of bank debt; Barclays and HSBC; $100 million five-year ABL revolver; $650 million seven-year incremental first-lien term B (Ba1/BB+) at Libor plus 225 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund acquisition of Electro Scientific Industries Inc.; Andover, Mass., provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes.

PERFORCE SOFTWARE INC.: $460 million of incremental term loans; Antares, Ares, Varagon and AB Private Credit; $375 million incremental first-lien term loan talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $85 million privately placed incremental second-lien term loan; fund acquisition of Rogue Wave Software; Minneapolis-based provider of software solutions for enterprise software development operations teams.

QUIRCH FOODS CO.: $265 million credit facilities; RBC; $100 million five-year ABL revolver; $165 million senior secured term loan talked at Libor plus 600 bps, 0% Libor floor, OID 99, 101 soft call for six months; back a significant investment by Palladium Equity Partners LLC; Miami-based distributor and exporter of protein and Hispanic food products.

RADIOLOGY PARTNERS INC.: $365 million incremental first-lien term B (B2) talked at Libor plus 475 bps, 0% Libor floor, OID 99, 101 soft call for six months; Barclays and Golub; fund acquisition of Austin Radiological Association and repay revolver borrowings; El Segundo, Calif., radiology physician practice management company; commitments due Jan. 29.

REVERE POWER LLC: $586 million credit facilities; Jefferies and SunTrust; $55 million five-year revolver; $445 million seven-year term B talked at Libor plus 425 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; $86 million seven-year term C talked at Libor plus 425 bps, 0% Libor floor, OID 98.5; fund Carlyle Group’s acquisition of three natural gas-fired generation facilities from Emera Inc.; seller of power, capacity and ancillary services into the ISO-New England market.

STANDARDAERO AVIATION HOLDINGS INC. (DYNASTY ACQUISITION CO. INC.): $2.595 billion credit facilities; Credit Suisse, RBC, Macquarie, Barclays, Jefferies, Nomura, Goldman Sachs and Mizuho; $150 million revolver; $300 million ABL revolver; $2.145 billion seven-year covenant-light first-lien term loan talked at Libor plus 425 bps, 0% Libor floor, OID 98 to 98.5, 101 soft call for six months; help fund buyout by Carlyle Group from Veritas Capital; Scottsdale, Ariz., provider of aircraft engine maintenance, repair and overhaul services.

US SALT: $437.5 million credit facilities; Citizens; $25 million five-year revolver; $285 million seven-year covenant-light first-lien term loan talked at Libor plus 475 bps, 0% Libor floor, OID 98 to 98.5, 101 soft call for six months; $127.5 million privately placed second-lien term loan; fund an acquisition and refinance existing debt; Overland Park, Kan., producer of salt.

VIRTU FINANCIAL LLC: $1.55 billion credit facilities (Ba3/B+/BB-); Jefferies and RBC; $50 million three-year revolver; $1.5 billion seven-year first-lien term loan talked at Libor plus 350 bps, 25 bps leverage-based step-down, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; help fund acquisition of Investment Technology Group Inc. and refinance existing first-lien debt; New York-based technology-enabled market maker and liquidity provider to the financial markets.

On The Horizon

ATHENAHEALTH INC.: Up to $4.86 billion senior secured credit facilities; JPMorgan, Deutsche Bank, Bank of America, Barclays, Natixis, PSP Investments, Ares and KKR; help fund buyout by Veritas Capital and Evergreen Coast Capital and merger with Virence Health; Watertown, Mass., provider of network-enabled services for hospital and ambulatory customers.

CALPINE CORP.: $600 million of bank loans; help fund capital expenditures related to the Geysers geothermal project in Northern California; San Jose, Calif., power generator.

CIELO: New debt financing; Barclays; help fund buyout by Permira from Accel-KKR; recruitment process outsourcing partner.

CIVITAS SOLUTIONS INC.: New debt financing; Goldman Sachs, UBS, RBC and KeyBanc; help fund buyout by Centerbridge Partners LP; Boston-based provider of home- and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs.

COVETRUS (HS SPINCO INC.): $1.5 billion five-year credit facilities; $300 million revolver; $1.2 billion term A; fund a special dividend in connection with spinoff of animal health business from Henry Schein Inc. and merger with Vets First Choice; technology-enabled animal health business.

E.W. SCRIPPS CO.: $525 million seven-year incremental senior secured term B; Wells Fargo; fund acquisition of 15 television stations from Cordillera Communications; Cincinnati-based broadcasting and digital media company.

GETTY IMAGES INC.: New loans; help refinance balance sheet in connection with acquisition by Getty family from Carlyle Group; visual communications company.

GREIF INC.: $1.2 billion five-year senior secured incremental term A expected at Libor plus 175 bps; Wells Fargo, JPMorgan and Goldman Sachs; help fund acquisition of Caraustar Industries Inc. from H.I.G. Capital; Delaware, Ohio-based producer of industrial packaging products and services.

JOHNSON CONTROLS’ POWER SOLUTIONS: New debt financing; Barclays, Credit Suisse, JPMorgan, Bank of America, BMO, CIBC, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, RBC, Scotia and TD; help fund acquisition by Brookfield Business Partners L.P. and Caisse de dépôt et placement du Québec; producer of batteries for automakers and aftermarket distributors and retailers.

MPM HOLDINGS INC. (MOMENTIVE): New debt financing; help fund acquisition by SJL Partners LLC, KCC Corp. and Wonik QnC Corp.; Waterford, N.Y., silicones and advanced materials company.

NEXSTAR MEDIA GROUP INC.: $4.1 billion senior secured incremental term loans; Bank of America, Credit Suisse and Deutsche Bank; $500 million incremental term A; $3.6 billion incremental term B; help fund acquisition of Tribune Media Co.; Irving, Texas, diversified media company.

PCI GAMING AUTHORITY (WIND CREEK HOSPITALITY): New debt financing; Credit Suisse; help fund acquisition of Sands Casino Resort in Bethlehem, Pa., from Las Vegas Sands Corp.; owner and operator of gaming and entertainment facilities.

P.F. CHANG’S CHINA BISTRO INC.: New loan; Credit Suisse and KKR; help fund buyout by TriArtisan Capital Advisors from Centerbridge Partners; Scottsdale, Ariz., Asian-themed casual dining restaurant chain.

RANPAK CORP. (ONE MADISON CORP.): $495 million senior secured credit facilities; Goldman Sachs; $45 million five-year revolver expected at Libor plus 375 bps if first-lien net leverage is less than 5x and Libor plus 400 bps if more than 5x; $450 million seven-year covenant-light first-lien term loan expected at Libor plus 375 bps if first-lien net leverage is less than 5x and Libor plus 400 bps if more than 5x, 101 soft call for six months; help fund acquisition by One Madison Corp. from Rhône Capital; Concord Township, Ohio, provider of fiber-based, environmentally sustainable protective packaging solutions.

STAPLES INC.: New debt financing; Wells Fargo; help fund acquisition of Essendant Inc.; Framingham, Mass., retailer of office supplies.

T-MOBILE USA INC.: $11 billion senior secured credit facilities; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, RBC, BNP Paribas, Commerzbank, Credit Agricole, TD Securities and Wells Fargo on revolver; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and RBC on term loan; $4 billion five-year revolver expected at Libor plus 125 bps, 0% Libor floor; $7 billion seven-year covenant-light term loan expected at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; refinance existing debt in connection with merger with Sprint Corp. and fund working capital needs; Bellevue, Wash., communications services company.

TIVITY HEALTH INC.: $1.335 billion senior secured credit facilities; Credit Suisse, SunTrust, Citigroup, Citizens, Fifth Third, Regions Capital and Goldman Sachs; $125 million revolver; $1.21 billion term loan; help fund acquisition of Nutrisystem Inc.; Franklin, Tenn., provider of fitness and health improvement programs.

TRANSDIGM INC.: $3.7 billion of term loans; help fund acquisition of Esterline Technologies Corp.; Cleveland-based designer, producer and supplier of highly engineered aircraft components for use on commercial and military aircraft.

TRAVELPORT WORLDWIDE LTD.: New debt financing; Bank of America, Deutsche Bank, Macquarie, Credit Suisse and Barclays; $150 million revolver; help fund buyout by Siris Capital Group LLC and Evergreen Coast Capital Corp.; Langley, U.K., travel technology company.

UNIVAR INC.: $1.325 billion senior secured incremental term loan; Goldman Sachs; help fund acquisition of Nexeo Solutions Inc. and refinance Nexeo debt; Downers Grove, Ill., distributor of industrial and specialty chemicals.

US FOODS HOLDING CORP.: $1.5 billion seven-year incremental senior secured term loan; JPMorgan and Bank of America; help fund acquisition of SGA’s Food Group of Companies; Rosemont, Ill., food company and foodservice distributor.

VICTORY CAPITAL HOLDINGS INC.: $1.495 billion senior secured credit facilities; Barclays and RBC; $100 million five-year revolver expected at Libor plus 350 bps, 0% Libor floor; $1.395 billion seven-year covenant-light first-lien term loan expected at Libor plus 350 bps, one 25 bps step-down based on leverage, 0% Libor floor, 101 soft call for six months; refinance existing credit facilities, and fund acquisitions of USAA Asset Management Co. and Harvest Volatility Management LLC; Brooklyn, Ohio, asset management firm.

ZIX CORP.: $200 million five-year credit facilities; SunTrust and KeyBanc; $25 million revolver expected at Libor plus 350 bps; $175 million term loan expected at Libor plus 350 bps; help fund acquisition of AppRiver; Dallas-based provider of email security.

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