Bank Loan Calendar: $37.246 billion deals being marketed

April Bank Meetings

PVH CORP.: Conference call April 25; $587 million add-on senior secured term A talked at Libor plus 150 bps; Barclays, Bank of America, Citigroup, JPMorgan and RBC; refinance term B; New York-based apparel company.

QUIKRETE COS.: conference call April 26; $168 million add-on first-lien covenant-light term loan due September 2020 talked at Libor plus 300 bps, 1% Libor floor, OID 99.5; Wells Fargo; repay second-lien term loan debt; Atlanta-based manufacturer of packaged concrete and related products.

Upcoming Closings

AMERICAN AIRLINES GROUP INC.: $750 million seven-year term B (Ba1/BB+) talked at Libor plus 275 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Barclays, Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, BNP Paribas, Credit Agricole, ICBC and US Bank; repay term B-2 due in 2016 and general corporate purposes; Fort Worth, Texas, airline company.

ATI PHYSICAL THERAPY: $930 million senior secured credit facility; Barclays, HSBC and Jefferies; $70 million five-year revolver (B1/B); $635 million seven-year first-lien term loan (B1/B) talked at Libor plus 500 bps, 1% Libor floor, OID 98 to 99, 101 soft call for six months; $225 million eight-year privately placed second-lien term loan (CCC+); help fund buyout by Advent International from KRG Capital Partners; Bolingbrook, Ill., outpatient physical therapy provider.

BROCADE: $900 million five-year senior secured credit facility (BB+); Wells Fargo, Deutsche Bank and SunTrust; $100 million revolver talked at Libor plus 150 bps; $800 million term A talked at Libor plus 150 bps; help fund acquisition of Ruckus Wireless Inc.; San Jose, Calif., provider of networking solutions.

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.

CIENA CORP.: Expected close April 25; $250 million five-year covenant-light term B (Ba2/BB) at Libor plus 350 bps, step-down to Libor plus 325 bps at 3x total leverage, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Bank of America and Deutsche Bank; add cash to the balance sheet, and, in the future, help repay convertibles; Hanover, Md., supplier of communications networking equipment and software.

DIEBOLD INC.: Roughly $2.4 billion credit facility (Ba2/BB-); JPMorgan and Credit Suisse; $1 billion seven-year covenant-light B at Libor plus 450 bps, 0.75% floor, OID 99, 101 soft call; €350 million seven-year covenant-light B at Euribor plus 425 bps, 0.75% floor, OID 99, 101 soft call; $230 five-year million term A; $250 million five-year delayed-draw term A; $520 million five-year revolver; 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.

GLOBAL PAYMENTS INC.: $1.045 billion seven-year covenant-light term B (Ba2/BBB-) 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.

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.

MCGRAW-HILL GLOBAL EDUCATION HOLDINGS LLC: $1.655 billion credit facility (Ba3/BB-); Credit Suisse, Morgan Stanley, BMO, Barclays, Goldman Sachs, Jefferies, RBC and Wells Fargo; $350 million five-year revolver; $1.305 billion six-year first-lien covenant-light term loan talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt, merge McGraw-Hill School Education into the McGraw-Hill Global Education credit group and fund a dividend; New York-based provider of education materials.

MGM GROWTH OPERATING PARTNERSHIP LP: $2.75 billion senior secured credit facility (B1/BB); Bank of America, JPMorgan, Morgan Stanley, Barclays, Citigroup and Deutsche Bank; $600 million five-year revolver expected at Libor plus 275 bps; $300 million five-year term A expected at Libor plus 275 bps; $1.85 billion seven-year covenant-light term B at Libor plus 325 bps, 0.75% Libor floor, OID 99.75, 101 soft call for six months; help repay debt; Las Vegas-based real estate investment trust.

MICRON TECHNOLOGY INC.: $750 million six-year senior secured term B (Baa2/BBB-) at Libor plus 600 bps, OID 99, 101 soft call for six months; Morgan Stanley, Citigroup, HSBC and JPMorgan; general corporate purposes; Boise, Idaho, semiconductor company.

MKS INSTRUMENTS INC.: $830 million senior secured credit facility; Barclays (left on term loan) and Deutsche Bank (left on revolver); $780 million seven-year covenant-light term B (Ba2/BB) at Libor plus 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $50 million five-year ABL revolver; 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.

NBTY INC.: New credit facility; Bank of America, Barclays, Credit Suisse, Morgan Stanley, UBS, Jefferies and Mizuho; $1.4 billion covenant-light term B (B1/B+) talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 98.5 to 99, 101 soft call for six months; £300 million covenant-light term B (B1/B+) talked at Libor plus 525 bps to 550 bps, 1% Libor floor, OID 98.5 to 99, 101 soft call for six months; $400 million asset-based credit facility; help refinance existing debt; Ronkonkoma, N.Y., manufacturer, marketer, distributor and retailer of vitamins and nutritional supplements.

NOVOLEX: $475 million incremental term loan at Libor plus 500 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Antares Capital and CPPIB; help fund the acquisition of the Heritage Bag Co. and repay second-lien term loan; Hartsville, S.C., provider of paper and plastic flexible packaging products.

PINNACLE ENTERTAINMENT: Expected close April 28; $300 million seven-year covenant-light term B (Ba2/BB+) at Libor plus 300 bps, 0.75% Libor floor, OID 99.75, 101 soft call; JPMorgan, Bank of America, Goldman Sachs, Fifth Third, U.S. Bank, Credit Agricole, Deutsche Bank and Wells Fargo; refinance existing debt and general corporate purposes; Las Vegas-based owner and operator of gaming entertainment properties.

PQ CORP.: Roughly $1.2 billion in term loans (B2/B+); Citigroup., Credit Suisse, Morgan Stanley, JPMorgan, Jefferies, Goldman Sachs, Deutsche Bank and Keybanc; $900 million 6.5-year senior secured covenant-light term loan talked at Libor plus 550 bps, 1% Libor floor, OID 97.5 to 98, 101 soft call for one year; roughly $300 million equivalent euro-denominated senior secured covenant-light term loan talked at Euribor plus 550 bps, 1% floor, OID 97.5 to 98, 101 soft call for one year; refinance credit facilities and PQ and Eco Services and PQ’s second-lien notes concurrent with the merger of the two companies; Malvern, Pa., producer of specialty inorganic performance chemicals and catalysts.

PREMIERE GLOBAL SERVICES INC.: $600 million credit facility; Barclays, SunTrust and Macquarie; $50 million five-year revolver; $550 million six-year first-lien term loan at Libor plus 650 bps, 1% Libor floor, OID 94, 101 soft call; refinance debt that was put in place to fund the buyout of the company by Siris Capital Group LLC in December; Atlanta-based provider of collaboration software and services.

PROTECTION 1 (PRIME SECURITY SERVICES BORROWER LLC): $1.81 incremental senior secured credit facility (Ba2/BB-); Barclays, Citigroup, Deutsche Bank and RBC; $255 million five-year revolver; $1.555 billion six-year covenant-light first-lien term loan at Libor plus 450 bps, 1% Libor floor, OID 99, 101 soft call; help fund buyout of ADT Corp. by Apollo Funds and merger with Protection 1; full-service business and home security company.

QUORUM HEALTH CORP.: $1.105 billion secured credit facility; Credit Suisse; $100 million five-year revolver (B1/B); $880 million six-year first-lien term loan (B1/B) at Libor plus 575 bps, 1% Libor floor, OID 98, 101 soft call for six months; $125 million ABL revolver; help fund spin-off from Community Health Systems Inc. and general corporate purposes; Brentwood, Tenn., operator and manager of general acute care hospitals and outpatient services.

RISK STRATEGIES CO.: $15 million add-on first-lien term loan talked at Libor plus 525 bps, 1% Libor floor, OID 99; Macquarie, Antares Capital and Golub; help fund acquisitions; Boston-based insurance and benefits brokerage and risk management firm.

RUSSELL INVESTMENTS: $700 million credit facility (Ba2/BB/BB); Barclays, Macquarie and Credit Suisse; $50 million five-year revolver; $650 million seven-year term B talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; help fund buyout by TA Associates and Reverence Capital Partners from London Stock Exchange Group plc; Seattle, Wash., asset manager.

SAMSONITE: $2.425 billion senior credit facility (Ba2/BBB-); Morgan Stanley, HSBC, SunTrust, MUFG, Barclays, Citizens Capital, ING, Fifth Third and Bank of China; $500 million five-year revolver talked at Libor plus 275 bps; $1.25 billion five-year term A talked at Libor plus 275 bps; $675 million seven-year term B at Libor plus 325 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Tumi Holding Inc. and refinance existing bank debt; Hong Kong-based manufacturer of bags and luggage.

SITEONE LANDSCAPE SUPPLY: $250 million six-year first-lien term loan (B2/BB-) talked at Libor plus 600 bps, 1% Libor floor, OID 98, 101 soft call for six months; UBS; refinance existing debt and fund a dividend; Roswell, Ga., distributor of wholesale irrigation, landscape lighting, nursery, hardscapes, maintenance products and supplies.

TRUGREEN HOLDINGS INC.: $706 million credit facility (B1/B); JPMorgan, Credit Suisse, ING, Natixis, Rabobank and Goldman Sachs; $146 million revolver; $560 million term B at Libor plus 550 bps, 1% Libor floor, OID 98.5, 101 soft call; also $200 million privately-placed second-lien term loan; help fund merger with Scotts LawnService; Memphis, Tenn., lawn care company.

WESTERN DIGITAL CORP.: $9.875 billion credit facility (Ba1/BBB-/BBB-); JPMorgan, Bank of America, Mizuho, Credit Suisse, MUFG, HSBC, Citigroup, Sumitomo and RBC; $1 billion five-year revolver; $4.125 billion five-year term A; $3.75 billion seven-year term B at Libor plus 550 bps, 0.75% Libor floor, OID 97, 101 soft call; $1 billion euro-equivalent seven-year term B at Euribor plus 525 bps, 0.75% floor, OID 97.5, 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.

On The Horizon

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 and Bank of America; $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.

DELL INC.: $20.5 billion credit facility; 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; $8 billion seven-year term B, 101 soft call for six months; $2.5 billion 364-day term cash flow facility; help fund acquisition of EMC Corp.; Round Rock, Texas, technology and services company.

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.

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.

FIRSTLIGHT FIBER: New debt financing; TD Securities and Citizens Bank; help fund buyout by Oak Hill Capital Partners from Riverside Partners; Albany, N.Y., fiber-optic bandwidth infrastructure services provider.

FORMFACTOR INC.: $150 million five-year senior secured term loan expected at Libor plus 200 bps; HSBC, MUFG, Comerica Bank and Silicon Valley Bank; help fund acquisition of Cascade Microtech Inc.; Livermore, Calif., provider of wafer test technologies and expertise.

J.D. POWER: New credit facility; Credit Suisse; help fund buyout by XIO Group from McGraw Hill Financial Inc.; Costa Mesa, Calif., consumer data and analytics company.

LEIDOS HOLDINGS INC./ABACUS INNOVATIONS CORP.: Roughly $3.281 billion senior secured credit facilities; Citigroup, MUFG, Bank of America, JPMorgan and Goldman Sachs; $750 million five-year revolver at Leidos; $690 million five-year term A at Leidos; $400 million three-year term A at Abacus; $310 million five-year term A at Abacus; roughly $1.131 billion seven-year term B at Abacus; pay a special dividend to Leidos stockholders and make a special cash payment to Lockheed Martin Corp. in connection with merger of Leidos with Lockheed’s realigned Information Systems & Global Solutions business (Abacus); Reston, Va., provider of technology and sector expertise to customers in national security, health, and engineering.

LEXMARK INTERNATIONAL INC.: $1.14 billion in senior term loans; Bank of China and China CITIC Bank; also $443 million in term loans at Parent; help fund buyout by a consortium of investors led by Apex Technology Co. Ltd. and PAG Asia Capital; Lexington, Ky., creator of enterprise software, hardware and services that remove the inefficiencies of information silos and disconnected processes.

MERCURY SYSTEMS INC.: $275 million senior secured credit facility; Bank of America, Citigroup, KeyBanc and SunTrust; $75 million revolver expected at Libor plus 300 bps; $200 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.

MITEL NETWORKS CORP.: $1.085 billion credit facility; Bank of America; $1.05 billion six-year term loan expected at Libor plus 500 bps, 1% Libor floor, 101 soft call; $35 million five-year revolver expected at Libor plus 500 bps; help fund acquisition of Polycom Inc. and refinance credit facilities; Kanata, Ont., provider of cloud- and premises-based unified communications software solutions.

MTS SYSTEMS CORP.: $490 million credit facility; JPMorgan; $100 million five-year revolver expected at Libor plus 400 bps; $390 million seven-year covenant-light term B expected at Libor plus 475 bps, 1% Libor floor, 101 soft call; help fund acquisition of PCB Group Inc.; Eden Prairie, Minn., supplier of high-performance test systems and position sensors.

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.

YUM! BRANDS INC.: New senior secured credit facility; help optimize capital structure; Louisville, Ky., quick service restaurant operator.

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