Bank Loan Calendar: $27.8211 billion deals being marketed

February Bank Meetings

CEVA LOGISTICS: Bank meeting Feb. 5; $825 million covenant-light term loan B (B1/B+) due August 2025, 101 soft call for six months; HSBC, BNP Paribas and Societe Generale; refinance existing debt; Switzerland-based third-party logistics company.

DUFF & PHELPS: Lender call Feb. 5; $280 million incremental term loan whispered in the low Libor plus 400 bps area; UBS; fund acquisition of Prime Clerk; New York-based independent advisor.

EPIC CRUDE SERVICES: Bank meeting Feb. 6; $1.075 billion credit facilities; Goldman Sachs, Barclays, Deutsche Bank, ABN Amro and Mirae; $75 million super-priority revolver; $1 billion senior secured term B; partially fund the crude pipeline construction project, and fund associated debt service reserve and construction reserve accounts; crude pipeline originating in the Permian and Eagle Ford Basins and terminating in Corpus Christi.

INNOVATIVE WATER CARE GLOBAL CORP.: Bank meeting Feb. 5; $450 million of term loans; Bank of America (left on first-lien), Citigroup (left on second-lien), Deutsche Bank, Nomura and BMO; $350 million first-lien term loan (B) due 2026; $100 million second-lien term loan (B-) due 2027; help fund buyout by Platinum Equity from Lonza Group; Alpharetta, Ga., provider of water treatment solutions and residential pool care products.

Upcoming Closings

ACPRODUCTS INC.: $578 million credit facilities; Barclays; $75 million 4.75-year ABL revolver; $400 million five-year first-lien term loan (B3/B+) talked at Libor plus 550 bps, 0% Libor floor, OID 97 to 98, 101 soft call; $103 million 5.5-year privately placed second-lien term loan (Caa2/CCC+); fund the acquisition of Elkay Wood Products Co. and refinance existing debt; The Colony, Texas, manufacturer and distributor of cabinets.

ATHENAHEALTH INC.: $4.46 billion of term loans; JPMorgan; $3.66 billion seven-year first-lien term B (B2/B/BB) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 98; $800 million eight-year second-lien term loan (//B-); 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.

BRIGHTSPRING HEALTH SERVICES (PHOENIX GUARANTOR INC.): $1.8375 billion credit facilities; Morgan Stanley, Credit Suisse, Jefferies, KKR and Credit Agricole; $1.65 billion seven-year term B (B1/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; $187.5 million five-year revolver; fund combination of PharMerica and BrightSping under KKR and Walgreens Boots Alliance ownership; Louisville, Ky., health care services provider.

BROOKS AUTOMATION INC.: $349.1 million senior secured covenant-light term B due Oct. 4, 2024 talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 98 to 98.5, 101 soft call for six months; Morgan Stanley; general corporate purposes, including the previous acquisition of Genewiz Group, and refinance existing debt; Chelmsford, Mass., provider of automation and cryogenic solutions.

CARROLL COUNTY ENERGY LLC: $460 million seven-year first-lien term B talked at Libor plus 375 bps, 0% Libor floor, OID 99, 101 soft call for six months; Bank of America, BNP Paribas and Credit Agricole; refinance existing debt and pay a distribution to shareholders; natural gas fired electric generation facility.

CIVITAS SOLUTIONS, INC.: $1.18 billion credit facilities; Goldman Sachs, UBS, RBC, KeyBanc, BMO and Fifth Third; $125 million revolver; $805 million seven-year first-lien term B (B1/B) at Libor plus 425 bps, 25 bps leverage-based pricing step-down and one 25 bps step-down upon an IPO, 0% Libor floor, OID 99, 101 soft call for six months; $50 million seven-year first-lien term C (B1/B) at Libor plus 425 bps, 25 bps leverage-based pricing step-down and one 25 bps step-down upon an IPO, 0% Libor floor, OID 99, 101 soft call for six months; $200 million privately placed second-lien term loan; 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.

COLE HAAN: $290 million first-lien term loan (B2/B) talked at Libor plus 600 bps, 0% Libor floor, OID 97.5 to 98; JPMorgan; refinance existing term loan; New York-based designer and retailer of footwear, apparel and accessories.

COMMSCOPE INC.: $4.869 billion of credit facilities; JPMorgan; $1 billion asset-based revolver; $3.869 billion seven-year term B (Ba1/BB) talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 98, 101 soft call for six months; help fund acquisition of Arris International plc; Hickory, N.C., provider of infrastructure services for communication networks.

CSC HOLDINGS LLC: $1 billion secured term loan (BB-) due 2027 talked at Libor plus 325 bps, 0% Libor floor, OID 99, 101 soft call for six months; JPMorgan; refinance notes; Bethpage, N.Y., cable operator.

DUN & BRADSTREET CORP.: $2.93 billion senior secured credit facilities (B2/B-); Bank of America, Citigroup, RBC, Credit Suisse, MUFG and Mizuho; $400 million five-year revolver; $2.53 billion seven-year term B at Libor plus 500 bps, 0% Libor floor, OID 98, 101 soft call; 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.

FASTMED URGENT CARE: $525 million of term loans; Barclays, Societe Generale and Antares; $400 million seven-year first lien term loan (B2) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 98 to 99, 101 soft call for six months; $125 million eight-year second lien term loan (Caa2) talked at Libor plus 850 bps to 875 bps, 0% Libor floor, OID 97 to 98, call protection 102, 101; fund the acquisition of NextCare Holdings; Clayton, NC, provider of walk-in clinic services.

GETTY IMAGES INC.: $1.445 billion of term loans (B2/B-); JPMorgan; $1.085 billion seven-year covenant-light term B talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 98; $360 million equivalent euro seven-year covenant-light term B talked at Euribor plus 500 bps to 525 bps, 0% floor, OID 98; help refinance balance sheet in connection with acquisition by Getty family from Carlyle Group; visual communications company.

MAIN EVENT ENTERTAINMENT: $200 million senior secured term loan talked at Libor plus 625 bps to 650 bps, 0% Libor floor, OID 98, 101 hard call; UBS; refinance existing debt; Dallas-based operator of family entertainment centers with locations across the U.S.

MHS INC. (MATERIAL HANDLING SYSTEMS): $45 million add-on term B due May 1, 2024 at Libor plus 500 bps, 1% Libor floor, OID 99; RBC; repay revolver borrowings; Mt. Washington, Ky., provider of parcel handling solutions.

OREGON CLEAN ENERGY LLC: $550 million credit facilities (Ba3/BB-); Credit Suisse; $50 million revolver; $500 million seven-year first-lien term loan talked at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund a shareholder distribution; 870 MW combined cycle natural gas-fired generation facility located in Oregon, Ohio.

PERFORCE SOFTWARE INC.: Expected closing Feb. 4 week; $460 million of incremental term loans; Antares, Ares, Varagon and AB Private Credit; $410 million incremental first-lien term loan at Libor plus 450 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $50 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.

P.F. CHANG’S CHINA BISTRO INC. (PFC ACQUISITION CORP.): $485 million credit facilities (B/B+); Credit Suisse and KKR; $55 million revolver; $430 million seven-year first lien term loan talked at Libor plus 675 bps to 700 bps, 0% Libor floor, OID 98, call protection 102, 101; fund buyout by TriArtisan Capital Advisors from Centerbridge Partners; Scottsdale, Ariz., Asian-themed casual dining restaurant chain.

RADIOLOGY PARTNERS INC.: Expected closing Feb. 7; $365 million incremental first-lien term B (B2) at Libor plus 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Barclays, Golub, Deutsche Bank and Fifth Third; fund acquisition of Austin Radiological Association and repay revolver borrowings; El Segundo, Calif., radiology physician practice management company.

REVERE POWER LLC: $570 million credit facilities (Ba3/BB-); Jefferies, SunTrust and Mirae; $55 million five-year revolver; $445 million seven-year term B at Libor plus 425 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; $70 million seven-year term C at Libor plus 425 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; 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.

TOPGOLF INTERNATIONAL INC.: $325 million term B (B3/B-) talked at Libor plus 575 bps to 600 bps, 0% Libor floor, OID 98; JPMorgan; refinance existing debt; Dallas-based sports entertainment company.

US SALT: $437.5 million credit facilities; Citizens; $25 million five-year revolver (B2); $285 million seven-year covenant-light first-lien term loan (B2) at Libor plus 475 bps, 25 bps step-down, 0% Libor floor, OID 99, 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 at Libor plus 350 bps, 0% Libor floor; $1.5 billion seven-year first-lien term loan at Libor plus 350 bps, 25 bps leverage-based step-down, 0% Libor floor, OID 99.5, 101 soft call; 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

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.

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.

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.

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.

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.

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.

ULTIMATE SOFTWARE GROUP INC.: New loan; Credit Suisse; help fund buyout by an investor group led by Hellman & Friedman; Weston, Fla., provider of human capital management solutions in the cloud.

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.

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