Bank Loan Calendar: $40.3478 billion deals being marketed

March Bank Meetings

LGC: Lender call March 26; £496 million equivalent U.S. and euro covenant-lite term loan B due April 2027, 0% floor on euro tranche, 101 soft call for six months; HSBC, Morgan Stanley, BNP Paribas, Credit Agricole, KKR Capital Markets, Mizuho, MUFG, Natixis, NatWest, Nomura and SMBC; refinance some existing debt and fund a shareholder distribution; U.K.-based life sciences tools company, providing specialty genomic analysis tools, measurement tools and supply chain assurance solutions.

Upcoming Closings

AEGION CORP.: $725 million credit facilities (B2/B); Jefferies, Credit Suisse, Deutsche Bank, MUFG, SMFG and KeyBanc; $75 million five-year revolver; $650 million seven-year first-lien term loan talked at Libor plus 500 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; help fund buyout by New Mountain Capital LLC; Chesterfield, Mo., provider of infrastructure maintenance, rehabilitation and protection solutions.

AIT WORLDWIDE LOGISTICS: $540 million of term loans; Goldman Sachs, Credit Suisse, BMO, BNP Paribas and Citizens; $415 million first-lien term loan (B2/B) talked at Libor plus 425 bps to 450 bps, 25 bps step-down at 4.25x first-lien net leverage, 0.5% Libor floor, OID 99; $125 million privately placed second-lien term loan; help fund buyout by the Jordan Co. from Quad-C Management Inc.; non-asset based third party logistics platform.

AMERICAN MEDICAL TECHNOLOGIES: $320 million credit facilities (B1/B-); Truist and Regions Bank; $40 million revolver; $280 million six-year covenant-lite term B at Libor plus 625 bps, 0.75% Libor floor, OID 98, 101 soft call for one year; fund acquisition of RestorixHealth; Irvine, Calif., provider of wound care, ostomy, urology and tracheostomy supplies and services.

AMERICAN PUBLIC EDUCATION INC.: $195 million senior secured credit facilities (B1/BB-); Macquarie and Truist; $20 million five-year revolver; $175 million six-year term B talked at Libor plus 575 bps to 600 bps, 1% Libor floor, OID 98, 101 soft call for six months; help fund acquisition of Rasmussen University; Charles Town, W.Va., provider of higher learning.

ARAMARK: $833 million seven-year term B (BB+) talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; refinance existing term B; Philadelphia-based professional services company that provides food, hospitality and facility management services as well as uniform and work apparel.

ATLANTIC POWER CORP. (THERMAL ASSET): $405 million credit facilities (Ba2/BB-); RBC and MUFG; $45 million revolver; $360 million six-year term B talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99, 101 soft call for one year; help fund buyout by I Squared Capital; Dedham, Mass., power producer.

AUTOKINITON US HOLDINGS INC.: Expected closing March 29 week; $810 million seven-year second secured covenant-lite term B (B) talked at Libor plus 475 bps, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; Citigroup, BofA Securities, Barclays, Goldman Sachs and RBC; refinance existing term loans; New Boston, Mich., provider of automotive components and assembly solutions.

BELFOR HOLDINGS INC.: $130 million add-on first-lien term loan talked at Libor plus 400 bps, 0% Libor floor, OID 99.5; JPMorgan; fund a distribution to shareholders, repay second-lien borrowings and add cash to the balance sheet; Birmingham, Mich., disaster recovery and property restoration company.

BELRON: $994 million seven-year covenant-lite term B (Ba3/BB+) talked at Libor plus 250 bps, 0% Libor floor, 25 bps extension fee, 101 soft call for six months; JPMorgan, BofA Securities, Barclays and BNP Paribas; also €840 million seven-year covenant-lite term B (Ba3/BB+) talked at Euribor plus 250 bps, 0% floor, OID 99.5 to 99.75, 101 soft call for six months; €735 million seven-year covenant-lite term loan B (Ba3/BB+) talked at Euribor plus 250 bps, 0% floor, OID 99 to 99.5, 101 soft call for six months; fund a shareholder distribution, amend and extend the U.S. term B due November 2024 and refinance the euro term B due November 2024; United Kingdom-based provider of vehicle glass repair and replacement services.

CETERA: $125 million incremental first-lien term loan talked at Libor plus 425 bps, 0% Libor floor, OID 99.03; UBS; help fund acquisition of certain assets related to the independent financial planning channel of Voya Financial Advisors and repay an existing second-lien term loan; El Segundo, Calif., financial advice firm.

CITY BREWING CO. LLC: $850 million seven-year term B (B1/B+) talked at Libor plus 375 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; JPMorgan; help fund buyout by Charlesbank Capital Partners, Oaktree Capital Management LLC and Blue Ribbon Partners LLC; alcoholic and non-alcoholic beverage contract manufacturer.

COLOGIX HOLDINGS INC.: $575 million seven-year term B (B2/B-) talked at Libor plus 375 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan, RBC, Barclays, Deutsche Bank and Goldman Sachs; help fund an acquisition, repay existing debt and support capital expenditures; Denver-based data center and interconnection solutions provider.

CORNERSTONE BUILDING BRANDS INC.: $2.6 billion seven-year term B (B1/B+) talked at Libor plus 300 bps to 325 bps, 0.5% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan; extend existing term B and help fund the redemption of senior notes; Cary, N.C., manufacturer of exterior building products.

CORNERSTONE ONDEMAND INC.: Expected closing April 19 week; $832.2 million covenant-lite first-lien term B (Ba3/B+) due April 22, 2027 at Libor plus 325 bps, 0% Libor floor, issue price par, 101 soft call for six months; Morgan Stanley, BofA Securities, Credit Suisse, Deutsche Bank, Jefferies and BMO; repricing; Santa Monica, Calif., people development company.

CULLIGAN HOLDING INC. (AI AQUA MERGER SUB INC.): Roughly $765 million term loan (including $100 million delayed-draw tranche) (B2/B) due December 2023 talked at Libor plus 325 bps, 25 bps step-down at 4x first-lien net leverage, 1% Libor floor, OID 99.875, 101 soft call for six months; Morgan Stanley; repricing; Rosemont, Ill., provider of water treatment products and services.

ECL ENTERTAINMENT LLC: $345 million credit facilities; Credit Suisse; $20 million revolver (Ba2/BB-); $325 million seven-year first-lien term loan (B2/B-) talked at Libor plus 800 bps, 1% Libor floor, OID 98 to 98.5, non-call 1.5 years, 102, 101; refinance existing debt and finance expansion projects; regional gaming company.

EDELMAN FINANCIAL ENGINES (EDELMAN FINANCE CENTER LLC): Expected closing April 5 week; $2.8009 billion senior secured credit facilities; Morgan Stanley (left on first-lien) and JPMorgan (left on second-lien); $800 million seven-year covenant-lite add-on first-lien term B (B2/B) at Libor plus 375 bps, 25 bps step-down based on first-lien net leverage and 25 bps step-down following an IPO, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $1.4259 seven-year covenant-lite amended and extended first-lien term B (B2/B) at Libor plus 375 bps, 25 bps step-down based on first-lien net leverage and 25 bps step-down following an IPO, 0.75% Libor floor, 12.5 bps amendment fee, 101 soft call for six months; $100 million covenant-lite add-on second-lien term loan (Caa2/CCC+) due July 2026 at Libor plus 675 bps, 0% Libor floor, OID 99, hard call 101 (par for IPO); $475 million amended covenant-lite second-lien term loan (Caa2/CCC+) due July 2026 at Libor plus 675 bps, 0% Libor floor, 25 bps amendment fee, hard call 101 (par for IPO); help fund a distribution to shareholders and amendment of existing term loans; financial planning and investment management firm.

HYLAND SOFTWARE INC.: $810 million of term loans; Credit Suisse; $140 million incremental covenant-lite first-lien term loan (B1/B-) due July 2024 at Libor plus 350 bps, 0.75% Libor floor, OID 99.75; $670 million covenant-lite second-lien term loan (including $120 million incremental) (Caa1/CCC) due July 2025 at Libor plus 625 bps, 0.75% Libor floor, OID 99.75 on incremental, issue price par on repricing, 101 hard call for one year; fund the acquisition of Nuxeo and reprice existing second-lien term loan; Westlake, Ohio, content services platform provider.

IDEMIA: $731.5 million first-lien term loan due January 2026 talked at Libor plus 450 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan on U.S., BNP Paribas, Credit Agricole and JPMorgan on euro; also €1.385 billion first-lien term loan due January 2026 talked at Euribor plus 425 bps to 450 bps, 0% floor, OID 99.5, 101 soft call for six months; amend and extend existing term loans; France-based technology company that provides identity-related security services.

INGRAM MICRO INC.: $2 billion seven-year term B (B1//BB) talked at Libor plus 325 bps to 350 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; JPMorgan, BofA Securities, Morgan Stanley, BNP Paribas, Citigroup, Wells Fargo, BMO, MUFG, PNC, Deutsche Bank, Barclays, Credit Suisse, HSBC, Mizuho, RBC, Scotia, ING, Societe Generale and Stifel; help fund buyout by Platinum Equity from HNA Technology Co. Ltd. and refinance existing debt; Irvine, Calif., provider of technology logistics services and solutions.

INSTANT BRANDS HOLDINGS INC.: $450 million seven-year first-lien term loan (Ba3/B) talked at Libor plus 425 bps to 450 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Jefferies, RBC, Citigroup and BofA Securities; refinance existing debt and fund a distribution to shareholders; manufacturer of kitchen and houseware brands.

INTERIOR LOGIC GROUP HOLDINGS LLC: Expected closing April 1; $550 million seven-year senior secured covenant-lite first-lien term B (B1/B) at Libor plus 350 bps, 0.75% Libor floor, OID 99.25, 101 soft call for six months; Citigroup, Goldman Sachs, BofA Securities and RBC; help fund buyout by Blackstone from Littlejohn & Co. LLC, Platinum Equity and other equity holders; Irvine, Calif., provider of interior design, supply chain and installation management solutions to single-family homebuilders.

ION MARKETS: $1.8 billion seven-year covenant-lite first-lien term loan talked at Libor plus 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, Standard Chartered and UBS; also €1.5 billion seven-year covenant-lite first-lien term loan talked at Euribor plus 425 bps, 0% floor, OID 99.75, 101 soft call for six months; refinance existing debt and general corporate purposes; provider of trading automation, analytics and infrastructure to financial market participants.

J&J VENTURES GAMING LLC: $635 million credit facilities (B2/B); Credit Suisse, BofA Securities and Fifth Third; $60 million revolver; $575 million seven-year first-lien term loan talked at Libor plus 400 bps to 425 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund acquisitions; operator of video gaming terminals in Illinois.

LIBERTY COMMUNICATIONS OF PUERTO RICO: $500 million term B (B1/B+/BB) at Libor plus 375 bps, 0% Libor floor, issue price par, 101 soft call for six months; JPMorgan, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, Santander and Scotia; help refinance an existing term loan, fund a dividend and general corporate purposes; Puerto Rico-based telecommunications company.

MAGNITE: $360 million seven-year first-lien term B (Ba3/B+) talked at Libor plus 425 bps to 450 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs, Fifth Third, SVB and Societe Generale; help fund acquisition of SpotX from RTL Group; Los Angeles-based sell-side advertising platform.

MEDRISK: $1.15 billion credit facilities; UBS, BofA Securities, Macquarie, Truist and Societe Generale; $100 million revolver; $750 million first-lien term loan talked at Libor plus 350 bps to 375 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; $300 million privately placed second-lien term loan; help fund buyout by CVC Capital Partners; King of Prussia, Pa., provider of managed physical medicine services for the workers’ compensation industry.

MYEYEDR. (MED PARENTCO. LP): $75 million incremental first-lien term loan due August 2026 talked at Libor plus 425 bps, 0% Libor floor, OID 99; Jefferies; general corporate purposes; optometry platform.

ONE CALL CORP.: $700 million first-lien term loan B (B1/B-) talked at Libor plus 475 bps to 500 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; JPMorgan, Wells Fargo, Jefferies, CIT, KKR and Blackstone; refinance existing debt; Jacksonville, Fla., healthcare network management company and provider of specialized solutions to the workers’ compensation industry.

ORGANON & CO.: $3 billion equivalent of term loans (Ba2/BB); JPMorgan, Morgan Stanley, BofA Securities, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs and HSBC; $2 billion seven-year term loan talked at Libor plus 300 bps, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; $1 billion equivalent euro seven-year term loan talked at Euribor plus 300 bps, 0% floor, OID 99 to 99.5, 101 soft call for six months; help fund the creation of the company through the spin-off of Merck’s women’s health, legacy brands and biosimilars businesses; Jersey City, N.J.-based pharmaceutical company that develops and delivers health solutions through a portfolio of prescription therapies within women’s health, biosimilars and established brands.

PETIQ LLC: $425 million credit facilities; Jefferies and KeyBanc; $125 million five-year ABL revolver; $300 million seven-year senior secured first-lien term loan (B3/B-) talked at Libor plus 425 bps, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; partially refinance existing debt; Eagle, Idaho, pet medication and wellness company.

PLASKOLITE LLC: $647 million first-lien term loan due Dec. 14, 2025 talked at Libor plus 400 bps, 0.75% Libor floor, issue price par, 101 soft call for six months; Goldman Sachs and Morgan Stanley; repricing; Columbus, Ohio, manufacturer of acrylic, polycarbonate and other plastic sheets.

PODS LLC: Expected closing March 29 week; $1.315 billion senior secured credit facilities (B2/B); Morgan Stanley, Credit Suisse and Barclays; $100 million five-year revolver; $1.215 billion seven-year covenant-lite first-lien term B at Libor plus 300 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; refinance existing first-lien term loan and fund a distribution to shareholders; Clearwater, Fla., provider of storage and moving containers.

PS LOGISTICS: $298.2 million first-lien term loan due March 2025 talked at Libor plus 400 bps, 25 bps step-down based on leverage, 0.75% Libor floor, issue price par, 101 soft call for six months; UBS; repricing; flatbed transportation solutions provider.

RYAN SPECIALTY GROUP LLC: $1.646 billion term B due September 2027 at Libor plus 300 bps, 0.75% Libor floor, issue price par, 101 soft call for six months; JPMorgan; repricing; Chicago-based specialty insurance organization.

SERVICE LOGIC: $662 million first-lien term loan (including $132 million delayed-draw) talked at Libor plus 350 bps to 375 bps, 0.75% Libor floor, issue price par, 101 soft call for six months; JPMorgan; repricing; Charlotte, N.C., provider of aftermarket maintenance, repair and replacement services for commercial HVAC equipment, chilled water systems, and building automation and controls systems.

SINCLAIR TELEVISION GROUP INC.: $740 million seven-year first-lien term B (BB-) at Libor plus 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan, BoA Securities, Credit Suisse, Citigroup, Citizens, Deutsche Bank, Fifth Third, Goldman Sachs, Mizuho, RBC, Truist and Wells Fargo; help refinance existing term B-1; Hunt Valley, Md., broadcaster that owns, operates and/or provides services to television stations.

SOLIANT: $300 million term B (B2/B+) talked at Libor plus 425 bps to 450 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; JPMorgan; refinance existing term loan and fund a dividend; Atlanta-based provider of healthcare jobs and staffing services.

SOLIS MAMMOGRAPHY (SM WELLNESS HOLDINGS INC.): $475 million senior secured credit facilities; Jefferies; $25 million five-year revolver (B2/B-); $300 million seven-year first-lien term loan (B2/B-) talked at Libor plus 425 bps to 450 bps, 25 bps leverage-based step-down, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $50 million 18-month commitment delayed-draw first-lien term loan (B2/B-) talked at Libor plus 425 bps to 450 bps, 25 bps leverage-based step-down, 0.75% Libor floor, OID 99.5; $100 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 800 bps, 0.75% Libor floor, OID 98.5, hard call 102, 101; refinance existing capital structure; Addison, Tex., provider of mammography and related breast imaging services.

TECTA AMERICA CORP.: $915 million credit facilities; Credit Suisse, UBS, RBC and Truist; $125 million revolver (B1/B-); $600 million seven-year covenant-lite first-lien term loan (B1/B-) talked at Libor plus 425 bps to 450 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $190 million eight-year covenant-lite second-lien term loan (Caa1/CCC) talked at Libor plus 800 bps to 825 bps, 0.75% Libor floor, OID 98.5, call protection 102, 101; refinance existing debt, finance an acquisition, fund a distribution and general corporate purposes; Rosemont, Ill., provider of commercial roofing services.

TENEO: $150 million incremental first-lien term loan (B2/B) due July 2025 talked at Libor plus 525 bps, 1% Libor floor, OID 98.5 to 99, 101 soft call for six months; Goldman Sachs; fund acquisition of Deloitte UK’s restructuring services business; New York-based CEO advisory firm.

TRITON WATER HOLDINGS INC.: Expected closing March 29 week; $2.9 billion senior secured credit facilities; Morgan Stanley, BofA Securities, Jefferies, RBC, Mizuho and Credit Suisse; $350 million ABL revolver; $2.55 billion seven-year covenant-lite first-lien term B (B1/B) at Libor plus 350 bps, 25 bps step-down at 0.5x inside closing date first-lien net leverage and 25 bps step-down upon consummation of an IPO, 0.5% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout of Nestle Waters North America by One Rock Capital Partners LLC and Metropoulos & Co. from Nestle SA; Stamford, Conn., provider of bottled water.

ULTRA CLEAN HOLDINGS INC.: Expected closing March 29 week; roughly $628 million first-lien term loan (including $355 million incremental) due Aug. 27, 2025 at Libor plus 375 bps, step-down to Libor plus 350 bps at Ba3/BB- corporate credit ratings, 0% Libor floor, OID 99.5 on incremental, issue price par on repricing, 101 soft call for six months; Barclays; fund the acquisition of Ham-Let (Israel-Canada) Ltd. and reprice existing term loan; Hayward, Calif., developer and supplier of critical subsystems, ultra-high purity cleaning, analytical and decontamination services for the semiconductor industry.

VERRA MOBILITY: Expected closing March 26; $650 million seven-year term B (B1/BB-) at Libor plus 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; BofA Securities; help repay existing term B, fund the acquisition of Redflex Holdings Ltd. and general corporate purposes; Mesa, Ariz., provider of smart mobility technology solutions.

VIRGIN PULSE: $690 million of term loans; KKR (left on first-lien) and JPMorgan (left on second-lien); $505 million first-lien term loan (B-) talked at Libor plus 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $185 million second-lien term loan (CCC) talked at Libor plus 750 bps, 0.75% Libor floor, OID 98.5 to 99, call protection 102, 101; refinance existing debt and fund a dividend; digital health, wellbeing and engagement company.

WEIGHT WATCHERS (WW INTERNATIONAL INC.): $1 billion seven-year secured term B (Ba3/BB-) talked at Libor plus 400 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; BofA Securities, Goldman Sachs, JPMorgan, KeyBanc and Truist; help refinance existing debt; New York-based provider of weight management services.

W.R. GRACE & CO.: $300 million seven-year term B-3 (Ba2/BBB-/BBB-) talked at Libor plus 200 bps, 0% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs; help fund acquisition of fine chemistry services business of Albemarle Corp.; Columbia, Md., specialty chemical company.

On The Horizon

AGGREKO PLC: £1 billion equivalent senior credit facilities; Bank of America, Barclays, Deutsche Bank, Goldman Sachs and Banco Santander; £300 million multicurrency revolver; £700 million equivalent U.S. dollar denominated five-year term loan expected at Libor plus 450 bps, two step-downs of 25 bps each based on 0.5x deleveraging from opening leverage, 0.5% Libor floor, 101 soft call for six months; help fund buyout by TDR Capital LLP and I Squared Capital; U.K.-based provider of mobile power, heating and cooling solutions.

ALASKA COMMUNICATIONS SYSTEMS GROUP INC.: $235 million senior secured credit facilities; Fifth Third; $35 million revolver; $200 million of term loans; help fund acquisition by a newly formed entity owned by ATN International Inc. and Freedom 3 Capital LLC; Anchorage provider of advanced broadband and managed IT services.

ALLIED UNIVERSAL: $950 million seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps; Credit Suisse, Morgan Stanley, Deutsche Bank, BNP Paribas, HSBC, Mizuho, Societe Generale, ING, MUFG and Truist; also €715,447,155 seven-year covenant-lite first-lien term loan expected at Euribor plus 475 bps; €300 million five-year revolver expected at Libor plus 425 bps; help fund acquisition of G4S plc; Santa Ana, Calif., provider of security services.

ANI PHARMACEUTICALS INC.: $340 million credit facilities; Truist; $40 million revolver; $300 million term B; help fund acquisition of Novitium Pharma and refinance existing senior credit facilities; Baudette, Minn., specialty pharmaceutical company.

BOINGO WIRELESS INC.: New debt financing; Truist, TD Securities and CIT; help fund buyout by Digital Colony Management LLC; Los Angeles-based distributed antenna system and Wi-Fi provider.

CALABRIO: New debt financing; Golub; help fund buyout by Thoma Bravo from KKR; Minneapolis-based provider of products and services to help companies streamline customer service, support and workforce management through cloud-first software systems.

CAREMAX INC.: New senior secured credit facilities; RBC; help fund formation through acquisitions of CareMax Medical Group LLC and IMC Medical Group Holdings LLC by Deerfield Healthcare Technology Acquisitions Corp.; technology-enabled care platform providing care and chronic disease management to seniors.

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.

COLUMBUS MCKINNON CORP.: Up to $710 million credit facilities; JPMorgan; $60 million five-year revolver expected at Libor plus 325 bps, 0.75% Libor floor; up to $650 million seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps, 0.75% Libor floor, 101 soft call for six months; help fund acquisition of Dorner Manufacturing Corp. from EQT and refinance existing term B; Getzville, N.Y., designer, manufacturer and marketer of intelligent motion solutions, products, technologies and services for material handling.

CORDIS: New debt financing; Deutsche Bank and UBS; help fund buyout by Hellman & Friedman from Cardinal Health; developer and manufacturer of interventional vascular technology.

CORELOGIC: New credit facilities; JPMorgan; $5.5 billion first-lien term loan; revolver; help fund buyout by Stone Point Capital and Insight Partners; Irvine, Calif., property information, analytics and data-enabled solutions provider.

CUBIC CORP.: $2.5 billion senior secured credit facilities; Barclays, Credit Suisse, PSP, BMO, KKR, Mizuho, RBC, Truist and Blackstone; $225 million revolver; $1.475 billion first-lien term B; $300 million first-lien term C; $175 million letter of credit facility; $325 million second-lien term loan; help fund buyout by Veritas Capital and Evergreen Coast Capital Corp.; San Diego-based provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers.

DIRECTV: New debt financing; help fund creation of joint venture owned by AT&T and TPG Capital through spin-off of DirecTV, AT&T TV and U-verse services from AT&T Inc.; video services company.

DOLE PLC (TOTAL PRODUCE PLC): New five-to-seven-year debt facilities; BofA Securities, Rabobank and Goldman Sachs; refinance existing Total Produce and Dole Food Co. Inc. debt in connection with merger of the companies; Dublin, Ireland, fresh produce company.

EXTENDED STAY AMERICA INC.: New debt financing; JPMorgan and Citigroup; help fund buyout by Blackstone Real Estate Partners and Starwood Capital Group; Charlotte, N.C., integrated hotel owner/operator.

GFL ENVIRONMENTAL INC.: Incremental debt financing; help fund acquisition of Terrapure Environmental Ltd.’s solid waste and environmental solutions business; Toronto-based waste management company.

GRAY TELEVISION INC.: $925 million incremental term loan; Wells Fargo; fund acquisition of Quincy Media Inc.; Atlanta-based television broadcast company.

HILTON GRAND VACATIONS INC.: $1.3 billion seven-year senior secured term B expected at Libor plus 250 bps, 0.5% Libor floor, 101 soft call for six months; BofA Securities, Deutsche Bank and Barclays; help refinance existing debt in connection with acquisition of Diamond Resorts International Inc.; Orlando, Fla., timeshare company.

II-VI INC.: New debt financing; JPMorgan; help fund acquisition of Coherent Inc.; Saxonburg, Pa., manufacturer of engineered materials and optoelectronic components.

JAZZ PHARMACEUTICALS PLC: $3.65 billion senior secured credit facilities; BofA Securities and JPMorgan; $500 million revolver; $3.15 billion term B; help fund acquisition of GW Pharmaceuticals plc; Dublin, Ireland, biopharmaceutical company.

MCAFEE ENTERPRISE (MAGENTA BUYER LLC): New debt financing; UBS, Jefferies and BofA Securities; help fund buyout by Symphony Technology Group; provider of device-to-cloud cybersecurity solutions.

MICHAELS COS.: $3.1 billion senior secured credit facilities; Credit Suisse, Wells Fargo, Barclays, Deutsche Bank, Mizuho, RBC and BofA Securities; $1 billion five-year asset-based revolver, 0% Libor floor; $2.1 billion seven-year covenant-lite term loan, 0% Libor floor, 101 soft call for six months; help fund buyout by Apollo Global Management Inc.; Irving, Tex., retailer of arts and crafts supplies and home decor products.

PRIORITY TECHNOLOGY HOLDINGS INC. (PRIORITY HOLDINGS LLC): $630 million senior secured credit facilities; Truist; $40 million five-year revolver expected at Libor plus 475 bps, two 25 bps step-downs based on total net leverage, 0% Libor floor; $300 million six-year covenant-lite term loan expected at Libor plus 475 bps, two 25 bps step-downs based on total net leverage, 0% Libor floor, 101 soft call for six months; $290 million delayed-draw term loan expected at Libor plus 475 bps, two 25 bps step-downs based on total net leverage, 0% Libor floor; help fund acquisition of Finxera Holdings Inc. and refinance existing debt; Alpharetta, Ga., payments technology company.

PROSIGHT GLOBAL INC.: $230 million credit facilities; Truist; $65 million revolver; $165 million term loan; help fund buyout by TowerBrook Capital Partners LP and Further Global Capital Management; Morristown, N.J., specialty insurance company.

QUIKRETE HOLDINGS INC.: $2.39 billion of term loans; Wells Fargo; fund acquisition of Forterra Inc.; Atlanta-based buildings materials company.

SPARTA AGGREGATOR LP: New debt financing; help fund acquisition of PQ Group Holdings Inc.’s performance chemicals business by Koch Minerals & Trading LLC and Cerberus Capital Management LP.

SYNIVERSE: New debt financing; help refinance existing debt in connection with investment by Twilio Inc.; Tampa, Fla., provider of technology and business services for the telecommunications industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.