Bank Loan Calendar: $24.564 billion deals being marketed

Upcoming Closings

API TECHNOLOGIES CORP.: $145 million credit facility; BNP Paribas; $30 million revolver; $115 million term loan talked at Libor plus 600 bps, 1% Libor floor, OID 98, 101 soft call for six months; help fund buyout by J. F. Lehman & Co.; Orlando, Fla., provider of high performance RF, microwave, millimeterwave, power and security solutions.

ARMSTRONG WORLD INDUSTRIES INC.: $1.05 billion credit facility (B1/BB+); Bank of America; $250 million seven-year term B at Libor plus 325 bps, 0.75% Libor floor, OID 99; $200 million revolver; $600 million term A; refinance existing credit facility in conjunction with separation of Armstrong Flooring Inc.; Lancaster, Pa., designer and manufacturer of floors and ceiling systems.

ATLANTIC POWER LP (APLP HOLDINGS LP): $910 million senior secured credit facility; Goldman Sachs, Bank of America, RBC, MUFG and Wells Fargo; $700 million seven-year term B talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 98, 101 soft call; $210 million five-year revolver; refinance existing bank debt and convertibles, and general corporate purposes; Dedham, Mass., owner and operator of power generation assets.

BLOUNT INTERNATIONAL INC.: $550 million senior secured credit facility (B1/B+); Barclays, KeyBanc and ING; $75 million five-year revolver, $300 million seven-year first-lien term loan talked at Libor plus 600 bps, 1% Libor floor, OID 98, 101 soft call; $175 million euro-equivalent seven-year first-lien term loan talked at Euribor plus 600 bps, 1% floor, OID 98, 101 soft call; help fund acquisition by American Securities LLC and P2 Capital Partners LLC; closing expected in first half of 2016; Portland, Ore.-based manufacturer and marketer of replacement parts, equipment and accessories for consumers and professionals operating in forestry, lawn and garden; farm, ranch and agriculture; and concrete cutting and finishing.

CABLE & WIRELESS COMMUNICATIONS PLC: $1.37 billion credit facility; Bank of America, Goldman Sachs, Scotiabank, BNP Paribas, Citigroup, Credit Suisse, ING and RBC; $440 million seven-year covenant-light term B-1 (Ba2/BB-) at Libor plus 475 bps, 0.75% Libor floor, OID 98, 101 soft call; $360 million seven-year covenant-light term B-2 (Ba2/BB-) at Libor plus 475 bps, 0.75% Libor floor, OID 98, 101 soft call; $570 million revolver; refinance notes and revolvers, and fund a special dividend in connection with acquisition by Liberty Global plc; London-based telecommunications company.

CAPSUGEL HOLDINGS US INC.: $200 million add-on first-lien term loan and extended first-lien term loan due July 2021 talked at Libor plus 300 bps, 1% Libor floor, OID 99.75 on new money, 101 soft call for six months; UBS; repay some HoldCo PIK notes and extend term loan from 2018; Morristown, N.J., manufacturer of hard capsules and drug-delivery systems.

DELL INC.: $10 billion in pro rata bank debt; JPMorgan, Credit Suisse, Bank of America, Barclays, Citigroup, Goldman Sachs, Deutsche Bank and RBC; $3 billion five-year revolver talked at Libor plus 200 bps; $3.5 billion three-year term A-1 talked at Libor plus 200 bps; $3.5 billion five-year term A-2 talked at Libor plus 225 bps; help fund acquisition of EMC Corp.; also have commitment for (but not yet launched) $8 billion seven-year term B, 101 soft call for six months, and $2.5 billion 364-day term cash flow facility; Round Rock, Texas, technology and services company.

DIEBOLD INC.: $1.3 billion-equivalent ($1.1 billion U.S., $200 million euro-equivalent) (Ba2/BB-) seven-year covenant-light B talked at Libor/Euribor plus 450 bps to 475 bps, 0.75% floor, OID 98.5, 101 soft call; JPMorgan and Credit Suisse; help fund acquisition of Wincor Nixdorf AG; North Canton, Ohio, provider of self-service delivery, value-added services and software primarily to the financial industry.

DYK AUTOMOTIVE/AAHC: $164 million credit facility; BNP Paribas; $30 million revolver; $134 million term loan talked at Libor plus 550 bps, 1% Libor floor, OID 98 to 98.5, 101 soft call for six months; help fund buyout and merger of DYK and Automotive Aftermarket Holding Co. by The Sterling Group; automotive aftermarket distributor.

EDGEWOOD PARTNERS INSURANCE CENTER INC.: $200 million seven-year term B (B3/B) talked at Libor plus 600 bps to 625 bps, 1% Libor floor, OID 98, 101 soft call; JPMorgan; fund an acquisition and repay existing debt; San Francisco-based insurance brokerage and consulting company.

FIRST DATA CORP.: Incremental term loan and extended term loan due March 24, 2021 talked at Libor plus 400 bps, OID 99.5 to 99.75, 101 soft call for six months; Credit Suisse and KKR; refinance a portion and extend a portion of 2018 term loan; Atlanta-based provider of payment processing solutions.

GCA SERVICES GROUP INC.: $615 million credit facility; Goldman Sachs, Barclays, UBS, ING and Macquarie; $100 million five-year revolver (B1/B); $515 million seven-year first-lien covenant-light term loan (B1/B) at Libor plus 475 bps, 1% Libor floor, OID 98, 101 soft call for six months; help fund buyout by the merchant banking division of Goldman Sachs and Thomas H. Lee Partners LP from Blackstone; also $180 million pre-placed eight-year second-lien term loan (Caa1/CCC+); Cleveland-based provider of facility services.

GLOBAL PAYMENTS INC.: $1.045 billion seven-year covenant-light term B (Ba2/BBB-) talked at Libor plus 350 bps, step-down to Libor plus 325 bps at 3.25x total leverage, OID 99.5, 101 soft call for six months; Bank of America, MUFG, PNC, TD Securities, SunTrust, Fifth Third and Barclays; help fund acquisition of Heartland Payment Systems Inc.; Atlanta-based provider of payment technology services.

HUNTSMAN INTERNATIONAL LLC: $550 million seven-year senior secured term B at Libor plus 350 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Citigroup; refinance term B and C; The Woodlands, Texas, manufacturer and marketer of differentiated chemicals.

IMAGINE! PRINT SOLUTIONS LLC: $365 million credit facility (B2/B); RBC and Societe Generale; $40 million five-year revolver; $325 million six-year term B at Libor plus 600 bps, 1% Libor floor, OID 98.5, 101 soft call; help fund buyout by Oak Hill Capital Partners from its founder, Bob Lothenbach; Minneapolis-based provider of printed in-store marketing solutions.

KONECRANES TEREX PLC: $1.6 billion credit facility (Ba2/BB+); Credit Suisse, Citigroup, Commerzbank, Credit Agricole and Nordea Bank; $900 million-equivalent seven-year term loan B (split into $355 million and €500 million tranches) at Libor plus 375 bps, 0.75% floor, OID 98; 101 soft call; $700 million multi-currency revolver; help fund merger of Terex Corp. and Konecranes plc and refinance existing debt; diversified equipment manufacturer and lifting solutions.

ON SEMICONDUCTOR CORP.: $2.8 billion credit facility (Ba1/BB); Deutsche Bank, Bank of America, BMO, HSBC and SMBC; $2.2 billion seven-year covenant-light term B at Libor plus 450 bps, 0.75% Libor floor, OID 98.5, 101 soft call; $600 million five-year revolver; help fund acquisition of Fairchild Semiconductor International Inc.; Phoenix-based semiconductor company.

PDC BRANDS: $40 million add-on term loan at Libor plus 500 bps, 1% Libor floor, OID 98.5; Antares Capital; fund a tack-on acquisition; also repricing existing term loan to Libor plus 500 bps, 1% Libor floor; Stamford, Conn., beauty, personal care and wellness company.

SEARS HOLDINGS CORP.: Expected close April 8; $750 million incremental senior secured ABL term loan (B) due July 20, 2020 at Libor plus 750 bps, 1% Libor floor, OID 97, hard call 102 101; Bank of America and Wells Fargo; pay down asset-based revolver borrowings; Hoffman Estates, Ill., retailer.

SENSUS USA INC.: $700 million credit facility (B2/B); Credit Suisse and Goldman Sachs; $75 million five-year revolver; $625 million seven-year first-lien term loan talked at Libor plus 550 bps, 1% Libor floor, OID 98, 101 soft call; refinance existing debt; Raleigh, N.C., provider of advanced utility infrastructure systems and metering technologies.

SURGERY CENTER HOLDINGS INC.: Expected close March 31; $80 million incremental covenant-light first-lien term loan due Nov. 3, 2020 at Libor plus 425 bps, 1% Libor floor, OID 98, 101 soft call for six months; Jefferies; fund two acquisitions; Nashville, Tenn., health care services company.

SURVEY SAMPLING INTERNATIONAL LLC: $30 million add-on first-lien term loan at Libor plus 500 bps, 1% Libor floor, OID 99; Antares Capital; for acquisition-related purposes; Shelton, Conn., provider of data solutions and technology for consumer and business-to-business research.

WESTERN DIGITAL CORP.: $9.5 billion credit facility (Ba1/BBB-/BBB-); JPMorgan, Bank of America, Credit Suisse and RBC; $1 billion five-year revolver talked at Libor plus 200 bps; $3.75 billion five-year term A talked at Libor plus 200 bps; $4.2 billion seven-year term B talked at Libor plus 450 bps to 475 bps, 0.75% Libor floor, OID 98.5, 101 soft call; $550 million euro-equivalent seven-year term B talked at Euribor plus 450 bps to 475 bps, 0.75% floor, OID 98.5, 101 soft call; help fund acquisition of SanDisk Corp. and refinance existing debt; Irvine, Calif., developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content.

WINDSTREAM SERVICES LLC: Expected close March 29; $600 million incremental five-year term B-6 (B1/BB/BB+) at Libor plus 500 bps, 0.75% Libor floor, OID 97.5, 101 soft call for six months; Morgan Stanley; fund a notes tender offer and debt paydown; Little Rock, Ark., provider of network communications and technology solutions.

On The Horizon

ADT CORP.: $1.81 senior secured credit facility; Barclays, Citigroup, Deutsche Bank and RBC; $255 million revolver; $1.555 billion first-lien term loan (Ba2/BB-); help fund buyout by Apollo Funds and merger with Protection 1; Boca Raton, Fla., provider of monitored security, interactive home and business automation and related monitoring services.

AMC ENTERTAINMENT HOLDINGS INC.: $325 million incremental senior secured term B due Dec. 15, 2022 expected at Libor plus 325 bps, 0.75% Libor floor, 101 soft call for six months; Citigroup; help fund acquisition of Carmike Cinemas Inc.; Leawood, Kan., movie exhibitor.

CARDCONNECT CORP.: $140 million senior credit facility; $100 million first-lien credit facility committed by BMO; $40 million second-lien secured credit facility committed by Babson Capital; help fund acquisition by FinTech Acquisition Corp.; King of Prussia, Pa., payment processing and technology solutions provider.

CISION: New debt financing; Deutsche Bank, Barclays and RBC; help fund acquisition of PR Newswire from UBM plc; Chicago-based media intelligence company.

COHERENT INC.: $850 million senior secured credit facility; Barclays; $100 million five-year revolver expected at Libor plus 425 bps; $375 million seven-year covenant-light term B expected at Libor plus 475 bps, 1% Libor floor, 101 soft call for six months; $375 million-equivalent euro denominated seven-year covenant-light term B expected at Libor plus 475 bps, 1% Libor floor, 101 soft call for six months; help fund acquisition of Rofin-Sinar Technologies Inc.; Santa Clara, Calif., provider of lasers and laser-based technology for scientific, commercial and industrial customers.

DIALOG SEMICONDUCTOR: $2.1 billion seven-year covenant-light term loan (Ba2/BB) expected at Libor plus 325 bps, 0.75% Libor floor; Morgan Stanley; help fund acquisition of Atmel Corp.; London-based provider of highly integrated standard and custom mixed-signal integrated circuits.

DILIGENT CORP.: $290 million senior secured credit facility; Golub Capital; $10 million revolver; $280 million term loan; help buyout by Insight Venture Partners; New York-based provider of secure online collaboration and document sharing solutions for boards and senior executives.

DYNEGY INC./ENERGY CAPITAL PARTNERS JOINT VENTURE: Up to $1.85 billion secured term loan; help fund acquisition of ENGIE’s United States fossil portfolio in connection with formation of joint venture; portfolio consists of 8,731 megawatts of generation capacity located in ERCOT, PJM, and ISO-New England.

ERT (ERESEARCHTECHNOLOGY INC.): New debt financing; Goldman Sachs and Bank of America; help fund buyout by Nordic Capital Fund VIII from Genstar Capital; Philadelphia-based provider of patient data collection solutions for use in clinical drug development.

FORMFACTOR INC.: $150 million senior secured term loan; HSBC, MUFG, Comerica Bank and Silicon Valley Bank; help fund acquisition of Cascade Microtech Inc.; Livermore, Calif., provider of wafer test technologies and expertise.

MERCURY SYSTEMS INC.: $340 million senior secured credit facility; Bank of America, Citigroup, KeyBanc and SunTrust; $75 million revolver; $265 million term A expected at Libor plus 300 bps; help fund acquisition of Microsemi Corp.’s embedded security, RF and Microwave, and custom microelectronics businesses; Chelmsford, Mass., commercial provider of secure processing subsystems.

MGM GROWTH OPERATING PARTNERSHIP LP: New senior secured credit facility; revolver due 2021; term A due 2021; term B due 2023; refinance some bridge loan debt; Las Vegas-based real estate investment trust.

MKS INSTRUMENTS INC.: $850 million senior secured credit facility; Barclays (left on term loan) and Deutsche Bank (left on revolver); $800 million seven-year covenant-light term loan expected at Libor plus 450 bps, 0.75% Libor floor, 101 soft call for six months; $50 million five-year ABL revolver expected at Libor plus 175 bps; help fund acquisition of Newport Corp.; Andover, Mass., provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes.

NETSMART TECHNOLOGIES INC.: New debt financing; UBS; help fund acquisition by a joint venture formed by Allscripts Healthcare Solutions and GI Partners; Overland Park, Kan., human services and post-acute technology provider in healthcare.

NEXEO SOLUTIONS HOLDINGS LLC: $1.205 billion credit facility; Bank of America, Jefferies and Deutsche Bank; $630 million term loan; $575 million ABL revolver; help fund acquisition by WL Ross Holdings Corp.; Houston-based distributor of chemicals and plastics and provider of environmental services.

NEXSTAR BROADCASTING GROUP INC.: $3.295 billion senior secured credit facility; Bank of America, Credit Suisse, Deutsche Bank, SunTrust, Barclays and Wells Fargo; $175 million five-year revolver expected at Libor plus 325 bps; $270 million five-year term A expected at Libor plus 325 bps; $2.85 billion seven-year covenant-light term B expected at Libor plus 425 bps, 1% Libor floor, 101 soft call for six months; also $250 million 18-month senior secured short-term term facility expected at Libor plus 325 bps; help fund acquisition of Media General Inc.; Irving, Texas, diversified media company.

NEW FLYER INDUSTRIES INC.: $825 million four-year senior secured credit facility; Bank of Nova Scotia and BMO; $343 million revolver; $482 million term loan; fund acquisition of Motor Coach Industries International Inc. from KPS Capital Partners LP and refinance existing credit facilities; Winnipeg-based manufacturer of heavy-duty transit buses.

PINNACLE ENTERTAINMENT INC. OPCO: $935 million senior secured credit facility; JPMorgan, Bank of America, Goldman Sachs, Fifth Third, U.S. Bank, Credit Agricole, Deutsche Bank and Wells Fargo; $400 million five-year revolver expected at Libor plus 200 bps; $185 million five-year term A expected at Libor plus 200 bps; $350 million seven-year covenant-light term B; help fund spinoff of operating business and the real property of Belterra Park Gaming & Entertainment from Pinnacle.

RCCH HEALTH PARTNERS (REGIONALCARE CAPELLA HEALTHCARE): New debt financing; Barclays, RBC, Deutsche Bank, Credit Suisse and UBS; help fund merger of RegionalCare Hospital Partners Inc. and Capella Healthcare Inc.; operator of acute care and specialty hospital facilities.

SAMSONITE INTERNATIONAL SA: $2.425 billion senior credit facility; Morgan Stanley, HSBC, SunTrust and MUFG; $500 million five-year revolver; 1.925 billion seven-year term loan; fund acquisition of Tumi Holding Inc. and refinance existing bank debt; Hong Kong-based manufacturer of bags and luggage.

VISTA OUTDOOR INC.: Roughly $300 million term A; help fund acquisition of BRG Sports Inc.’s Action Sports division; Clearfield, Utah, designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets.

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