Bank Loan Calendar: $11.7372 billion deals being marketed

August Bank Meetings

LOGMEIN INC.: Lender call Aug. 3; $2.45 billion of term loans; Barclays, RBC, Deutsche Bank, Jefferies and Mizuho; $1.95 billion seven-year first-lien term B, 0% Libor floor, 101 soft call for six months; $500 million pre-placed second-lien term loan; help fund buyout by Francisco Partners and Elliott Management Corp.; Boston-based provider of cloud-based connectivity.

Upcoming Closings

BROADSTREET PARTNERS INC.: $175 million term B (B2/B) due Jan. 20, 2027 talked at Libor plus 375 bps, 1% Libor floor, OID 97, 101 soft call for six months; RBC, BofA Securities, Barclays, BMO, Scotia and Truist; repay revolver borrowings and put cash on balance sheet; Columbus, Ohio, insurance broker.

C.J. FOODS INC.: $285 million term B talked at Libor plus 525 bps, 1% Libor floor, OID 97, 101 hard call; Citizens and KeyBanc; back already completed acquisition of American Nutrition Inc.; Kansas-based manufacturer of pet food. American Nutrition is an Ogden, Utah-based supplier of dry, canned and baked pet food and treats products.

CONCORD (ALCHEMY COPYRIGHTS LLC): $850 million senior secured credit facilities (B1/BB-); JPMorgan; $450 million revolver; $400 million term B talked at Libor plus 350 bps to 375 bps, 0.75% Libor floor, OID 98.5, 101 soft call for six months; refinance existing bank debt; Nashville-based music content provider.

EMERALD PERFORMANCE MATERIALS LLC: $500 million credit facilities (B2/B); Credit Suisse; $75 million revolver; $425 million five-year covenant-lite first-lien term loan talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; refinance existing debt; Vancouver, Wash., manufacturer and marketer of specialty chemicals.

GRAHAM PACKAGING CO. INC.: Expected closing Aug. 4; $1.575 billion credit facilities (B1/B); Credit Suisse and HSBC; $100 million revolver; $1.475 billion seven-year covenant-lite first-lien term loan at Libor plus 375 bps, 0.75% Libor floor, OID 99.25, 101 soft call for six months; help repay existing debt at parent company Reynolds Group Holdings Ltd.; designer, manufacturer and seller of food, beverage, household and automotive containers.

HUNTSWORTH PLC: $300 million seven-year first-lien term B (B2/B-) talked at Libor plus 600 bps, 0% Libor floor, OID 93 to 94, 101 soft call for six months; RBC; help fund already completed buyout by Clayton, Dubilier & Rice; London-based provider of healthcare marketing and communication services.

KKR REAL ESTATE FINANCE TRUST INC. (KREF HOLDINGS X LLC): $300 million seven-year senior secured term B (Ba2/BB-) talked at Libor plus 475 bps, 1% Libor floor, OID 96 to 97, 101 soft call; JPMorgan and KKR; refinance existing debt, fund acquisitions and general corporate purposes; New York-based real estate finance company.

MAG AEROSPACE (MAG DS CORP.): $290.7 million covenant-lite first-lien term loan (B3/B) due April 2027 talked at Libor plus 525 bps, 1% Libor floor, OID 97, 101 soft call for six months; Citizens, RBC and Regions; support acquisitions of Aaski Technology and Remotely Piloted Solutions LLC, and refinance existing debt; Fairfax, Va., provider of tip-to-tail manned and unmanned aerial intelligence, surveillance and reconnaissance services.

ORION ADVISOR SOLUTIONS (GT POLARIS INC.): $1.06 billion credit facilities; Credit Suisse, UBS, BMO, Citizens, Evolution and SunTrust; $80 million revolver (B2/B/BB-); $700 million seven-year covenant-lite first-lien term loan (B2/B/BB-) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 98, 101 soft call for six months; $280 million privately-placed second-lien term loan; help fund the acquisitions of Orion and Brinker Capital by Genstar Capital and TA Associates; provider of a tech-enabled fiduciary solutions.

RSA SECURITY (REDSTONE BUYER LLC): $1.425 billion credit facilities; UBS, Jefferies, Barclays and Deutsche Bank; $75 million revolver (B1/B/BB+); $1.05 billion seven-year covenant-lite first-lien term loan (B1/B/BB+) at Libor plus 500 bps, step-down to Libor plus 475 bps at 0.5x inside closing date leverage, 1% Libor floor, OID 98, 101 soft call; $300 million pre-placed second-lien term loan (Caa1/B-/B-); help fund buyout by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners from Dell Technologies; provider of digital risk solutions including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.

RYAN SPECIALTY GROUP LLC: $1.65 billion seven-year term B (B1/B) at Libor plus 325 bps, 0.75% Libor floor, OID 98.5, 101 soft call for six months; JPMorgan, BMO, Barclays and Wells Fargo; help fund merger with All Risks Ltd.; Chicago-based insurance company.

SMART START INC.: $350 million term B talked at Libor plus 525 bps to 550 bps, 1% Libor floor, OID 97 to 98, 101 soft call for six months; BNP Paribas; refinance first-and second-lien term loans; Grapevine, Texas, provider of ignition interlocks and portable devices for alcohol monitoring.

TOSCA SERVICES LLC: $526.5 million seven-year first-lien term loan (B2/B) at Libor plus 425 bps, 25 bps leverage-based step-down, 1% Libor floor, OID 98.5, 101 soft call for six months; Credit Suisse, Deutsche Bank, UBS, Goldman Sachs, Rabobank, KKR and Mizuho; fund the acquisition of Contraload NV and refinance existing debt; Atlanta-based provider of reusable packaging supply chain solutions.

On The Horizon

BLACK KNIGHT INC.: New debt financing; help fund acquisition of Optimal Blue from GTCR; Jacksonville, Fla., provider of integrated software, data and analytics solutions that facilitate and automate business processes across the homeownership lifecycle.

CINCINNATI BELL INC.: $1.6 billion senior secured credit facilities; Goldman Sachs, Regions Capital and Societe Generale; $250 million revolver; $1.35 billion of term loans; help fund acquisition by Macquarie Infrastructure Partners; Cincinnati-based provider of integrated communications solutions.

MAJESCO: New debt financing; help fund buyout by Thoma Bravo LP; Morristown, Pa., provider of cloud insurance software solutions.

MILANO ACQUISITION CORP. (U.S. STATE AND LOCAL HEALTH AND HUMAN SERVICES): New debt financing; JPMorgan; help fund buyout by Veritas Capital from DXC Technology; end-to-end provider of technology enabled, mission critical solutions that are fundamental to the administration and operations of health programs.

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