Bank Loan Calendar: $21.563 billion deals being marketed

November Bank Meetings

APOLLO INFRASTRUCTURE EQUITY PORTFOLIO: Bank meeting Nov. 27; $360 million credit facilities; RBC, Goldman Sachs and BMO; $35 million revolver; $50 million letter-of-credit facility; $275 million term B; help fund Apollo Global Management LLC’s acquisition of a portfolio of predominantly equity investments in energy assets from GE Capital’s Energy Financial Services unit.

CAMBIUM LEARNING GROUP INC.: Bank meeting Nov. 28; $500 million credit facilities; RBC, Deutsche Bank, Barclays and BMO; $50 million revolver (B2/B-); $320 million first-lien term loan (B2/B-); $130 million second-lien term loan (Caa2/CCC); help fund buyout by Veritas Capital; Dallas-based educational technology solutions company.

CONVERGEONE HOLDINGS INC.: Bank meeting Nov. 28; $1.525 billion senior secured credit facilities; Wells Fargo leading ABL; Deutsche Bank (left on first-lien), UBS (left on second-lien), Citigroup, Macquarie and Societe Generale leading term loans; $250 million five-year ABL revolver; $925 million seven-year covenant-light first-lien term loan, 0% Libor floor; $350 million eight-year covenant-light second-lien term loan, 0% Libor floor; help fund buyout by CVC Fund VII; Eagan, Minn., IT and managed services provider of collaboration and technology solutions.

ELO TOUCH SOLUTIONS: Bank meeting Nov. 27; $360 million first-lien term loan (B2/B+); Goldman Sachs, Citizens and MidCap; help fund buyout by Crestview Partners from the Gores Group; Milpitas, Calif., information and communications technology services and solutions provider.

FR BR HOLDINGS: Bank meeting Nov. 27; $500 million senior secured term B; Goldman Sachs, Barclays and RBC; help fund First Reserve’s acquisition of a 50% interest in Blue Racer Midstream LLC from Dominion Energy and general corporate purposes; Dallas-based midstream company.

JOSTENS INC. (CHAMP ACQUISITION CORP.): Bank meeting Nov. 28; $900 million of term loans; Bank of America, Deutsche Bank, BMO, Goldman Sachs and Stifel; $750 million seven-year covenant-light first-lien term loan; $150 million eight-year covenant-light second-lien term loan; help fund buyout by Platinum Equity from Newell Brands; Minneapolis-based provider of yearbooks, class jewelry and other scholastic products to schools.

KNOWLTON DEVELOPMENT CORP.: Bank meeting Nov. 27; $525 million first-lien term loan; UBS, Guggenheim and Jefferies; help fund buyout by Cornell Capital; Quebec-based manufacturer of health and beauty-care products.

PLASKOLITE LLC: Bank meeting Nov. 27; $950 million credit facilities; Goldman Sachs and Morgan Stanley; $100 million revolver; $660 million covenant-light first-lien term loan; $190 million privately placed covenant-light second-lien term loan; help fund buyout by PPC Partners from Charlesbank Capital Partners; Columbus, Ohio, provider of transparent thermoplastic sheet products.

Upcoming Closings

ADT INC. (PRIME SECURITY SERVICES BORROWER LLC): Expected closing Nov. 30 or Dec. 3; $425 million incremental covenant-light term B (Ba3/BB-) due May 2, 2022 at Libor plus 275 bps, 1% Libor floor, OID 99.5; Barclays, Citigroup, Citizens, Deutsche Bank and RBC; help fund acquisition of Red Hawk Fire & Security from Comvest Partners and general corporate purposes; Boca Raton, Fla., security services company.

ATLANTIC AVIATION FBO INC.: $1.325 billion credit facilities (Ba3/BB); JPMorgan; $300 million revolver; $1.025 billion seven-year term B talked at Libor plus 325 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; refinance existing debt and fund a dividend; Plano, Texas, provider of aviation services.

BEP ULTERRA HOLDINGS INC.: $415 million seven-year covenant-light term B (B2/B-) talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Wells Fargo and Barclays; help fund buyout by the Blackstone Group LP from American Securities LLC; Fort Worth, Texas, pure-play supplier of polycrystalline diamond compact drill bits to the oil and gas industry.

COREL CORP.: $90 million add-on term loan (B2//BB+) talked at Libor plus 500 bps, 0% Libor floor, OID 99.5; UBS; fund an acquisition; Ottawa-based software company.

DAWN ACQUISITION LLC: Expected closing Dec. 31; $600 million credit facilities (B2/BB-); Barclays, Deutsche Bank and BNP Paribas; $50 million five-year revolver; $550 million seven-year first-lien term B at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of AT&T’s data center colocation operations and assets by Brookfield Infrastructure; full service colocation provider.

DEALER TIRE LLC: $975 million seven-year term B (B) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; JPMorgan, Credit Suisse, PNC, SunTrust and US Bank; help fund buyout by Bain Capital Private Equity from Lindsay Goldberg LLC; Cleveland-based distributor of replacement tires and parts for automotive OEMs and their dealers.

EXTREME REACH INC.: $440 million credit facilities; SunTrust, Credit Suisse and KKR; $30 million revolver (Ba2/BB-); $410 million term B (B2/B-) talked at Libor plus 625 bps to 650 bps, 0% Libor floor, OID 98.5 to 99, call protection 102, 101; refinance existing bank debt; Needham, Mass., video platform for integrated TV, online and mobile advertising.

FOREST CITY ENTERPRISES LP: $1.25 billion seven-year covenant-light term B (B2/B+) at Libor plus 400 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Bank of America, TD, Barclays, BMO, CIBC, Citigroup, Deutsche Bank, RBC, Scotia and US Bank; help fund acquisition by Brookfield Asset Management Inc.; Cleveland-based real estate company.

GPS HOSPITALITY: $305 million credit facilities (B3/B-); SunTrust; $40 million revolver; $265 million seven-year term B at Libor plus 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund an acquisition; Atlanta-based Burger King and Popeyes Louisiana Kitchen franchisee.

GRAY TELEVISION INC.: $1.6 billion of bank debt; Wells Fargo, Bank of America, Deutsche Bank, JPMorgan and RBC; $200 million five-year revolver; $1.4 billion seven-year incremental covenant-light term B (Ba2/BB/BB+) at Libor plus 250 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; help fund acquisition of Raycom Media Inc. and refinance certain debt; Atlanta-based television broadcast company.

HYPERION INSURANCE GROUP LTD.: Expected closing early December; $115 million add-on covenant-light term B (B2) due Dec. 20, 2024 at Libor plus 350 bps, 1% Libor floor, OID 99.5; Morgan Stanley, Barclays, JPMorgan, RBC, HSBC, Lloyds, NatWest and ING; placed on the balance sheet in a locked box account to fund future acquisitions; London-based insurance intermediary group.

IMPERVA INC.: $1.15 billion senior secured credit facilities; Bank of America (left on first-lien), Goldman Sachs (left on second-lien), Citigroup, Jefferies, Macquarie and KKR; $100 million revolver (B2/B-/B+); $760 million seven-year covenant-light first-lien term loan (B2/B-/B+) at Libor plus 400 bps, step-down to Libor plus 375 bps when consolidated first-lien net leverage is 3.5x, 0% Libor floor, OID 99.5, 101 soft call for six months; $290 million eight-year covenant-light second-lien term loan (Caa2/CCC/CCC+) at Libor plus 775 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Thoma Bravo LLC; Redwood Shores, Calif., provider of best-in-class cybersecurity solutions on-premises, in the cloud and across hybrid environments.

INSPIRE BRANDS (IRB HOLDING CORP.): $1.025 billion incremental first-lien term loan B (B2/B) due Feb. 5, 2025 at Libor plus 325 bps, 25 bps step-down at 2.5x first-lien net leverage, 1% Libor floor, OID 99.75, 101 soft call for six months; Barclays, Bank of America, Credit Suisse, Morgan Stanley, Wells Fargo and KeyBanc; help fund acquisition of Sonic Corp.; Atlanta-based multi-brand restaurant company.

INTEGRITY MARKETING: $460 million credit facilities; Antares; $20 million revolver; $260 million first-lien term loan talked at Libor plus 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $50 million first-lien delayed-draw term loan talked at Libor plus 425 bps, 0% Libor floor, OID 99.5; $115 million second-lien term loan talked at Libor plus 825 bps, 0% Libor floor, OID 99, call protection 102, 101; $15 million delayed-draw second-lien term loan talked at Libor plus 825 bps, 0% Libor floor, OID 99; refinance existing debt and fund a distribution to existing shareholders; Dallas-based marketer and distributor of senior health and life insurance products.

KORE WIRELESS GROUP INC.: $370 million senior secured credit facilities; UBS; $30 million five-year revolver (B2/B); $250 million seven-year first-lien term loan (B2/B) talked at Libor plus 500 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $90 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 875 bps, 0% Libor floor, OID 99, call protection 102, 101; refinance existing debt and fund an acquisition; Alpharetta, Ga., wireless network data provider.

META SPECIAL AEROSPACE: $150 million term loan (including $20 million delayed-draw tranche) talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; SunTrust; refinance existing debt and for a capex buildout in 2019; Oklahoma City-based aerospace and defense company.

REALD INC.: $325 million of senior secured term loans; Jefferies; $250 million five-year first-lien term loan (B2//B+) talked at Libor plus 550 bps to 575 bps, 0% Libor floor, OID 99, 101 soft call; $75 million six-year second-lien term loan talked at Libor plus 1,000 bps, 0% Libor floor, OID 98.5 to 99, non-call one, 102, 101; refinance existing debt; Beverly Hills, Calif., licensor of 3D and other visual technologies for use in the cinema industry.

ROCKET SOFTWARE INC.: $1.685 billion credit facilities; Credit Suisse, Barclays, Citigroup, Deutsche Bank, Goldman Sachs, RBC and SunTrust; $125 million revolver (B1/B); $1.3 billion seven-year covenant-light first-lien term loan (B1/B) at Libor plus 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $260 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 825 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Bain Capital Private Equity from Court Square Capital Partners; Waltham, Mass., provider of enterprise infrastructure software.

SAFE FLEET HOLDINGS LLC: $65 million add-on senior secured first-lien term loan due Feb. 1, 2025 talked at Libor plus 300 bps, step-down to Libor plus 275 bps at 6.25x net total leverage, 1% Libor floor, OID 98.6; Goldman Sachs and UBS; mergers and acquisitions; Belton, Mo., provider of safety and productivity solutions for fleet vehicles.

SORENSON HOLDINGS LLC: $950 million five-year covenant-light first-lien term loan (B2/B) talked at Libor plus 600 bps, 0% Libor floor, OID 97, 101 soft call; Credit Suisse; refinance existing debt; Salt Lake City-based provider of end-to-end communication technology services for the deaf and hard of hearing.

TECTA AMERICA CORP.: $535 million credit facilities; Credit Suisse, UBS and RBC; $60 million revolver; $375 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $100 million eight-year covenant-light second-lien term loan (Caa2/CCC+) talked at Libor plus 800 bps to 825 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Altas Partners from ONCAP; Rosemont, Ill., provider of critical commercial roofing services.

UNIFRAX: Expected closing late November; roughly $1.325 billion equivalent senior secured credit facilities; Morgan Stanley, Credit Suisse, UBS, RBC and Stifel; $125 million five-year revolver (B3/B-); $600 million seven-year covenant-light first-lien term loan (B3/B-) at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; €310 million seven-year covenant-light first-lien term loan (B3/B-) at Euribor plus 375 bps, 0% floor, OID 99.5, 101 soft call for six months; $250 million eight-year covenant-light second-lien term loan (Caa2/CCC+) at Libor plus 850 bps, 0% Libor floor, OID 96, call protection 103, 102, 101; help fund buyout by Clearlake Capital Group LP from American Securities LLC; Tonawanda, N.Y., supplier of high-performance specialty fibers and inorganic materials used in emission control, thermal management, filtration, battery and fire protection applications.

VANTAGE SPECIALTY CHEMICALS HOLDINGS INC.: $88 million of term loans; Morgan Stanley and RBC; $73 million add-on first-lien term B due October 2024 talked at Libor plus 350 bps, 1% Libor floor, OID 99; $15 million add-on second-lien term loan due October 2025 talked at Libor plus 825 bps, 1% Libor floor, OID 99; fund the acquisition of Leuna Tenside Holding GmbH from BIP Venture Partners and VR Equitypartner GmbH; Chicago-based manufacturer and distributor of specialty chemicals.

XO MANAGEMENT HOLDING (XOJET): $280 million five-year first-lien term B (B2/B/B+) talked at Libor plus 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan and Jefferies; help fund buyout by Vista Global; Brisbane, Calif., on demand private aviation platform.

On The Horizon

ATHENAHEALTH INC.: New debt financing; 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.

COLFAX CORP.: New term loans; JPMorgan and Credit Suisse; help fund acquisition of DJO Global Inc.; Annapolis Junction, Md., diversified technology company.

COMMSCOPE INC.: Up to $6.25 billion of bank debt; JPMorgan, Bank of America and Deutsche Bank; $750 million ABL revolver expected at Libor plus 150 bps, 0% Libor floor; up to $5.5 billion seven-year senior secured incremental covenant-light first-lien term loan B-2 expected at Libor plus 250 bps, 25 bps step-down at first-lien leverage of 0.5 times less than closing first-lien leverage, 0% Libor floor, 101 soft call for six months; help fund acquisition of Arris International plc; Hickory, N.C., provider of infrastructure services for communication networks.

DUN & BRADSTREET CORP.: $3.53 billion senior secured credit facilities; Bank of America, Citigroup and RBC; $400 million revolver; $3.13 billion term loan; 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.

ENERSYS: New debt financing; help fund acquisition of Alpha Technologies; Reading, Pa., provider of stored energy solutions for industrial applications.

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.

FLEETPRIDE: $1.07 billion credit facilities; Barclays; $225 million ABL revolver; $620 million first-lien term loan; $225 million second-lien term loan; help fund buyout by American Securities from TPG Capital; Irving, Texas, distributor of aftermarket heavy-duty truck and trailer parts.

GEOSTABILIZATION INTERNATIONAL: New debt financing; UBS and KKR; help fund buyout by KKR from CAI Capital Partners; Grand Junction, Colo., provider of geotechnical maintenance services for critical infrastructure.

GETTY IMAGES INC.: New loans; help refinance balance sheet in connection with acquisition by Getty family from Carlyle Group; visual communications 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.

MKS INSTRUMENTS INC.: $650 million seven-year incremental covenant-light term loan expected at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Barclays and HSBC; help fund acquisition of Electro Scientific Industries Inc.; Andover, Mass., provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes.

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.

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.

QUAD/GRAPHICS INC.: New debt financing; JPMorgan; refinance existing debt in connection with acquisition of LSC Communications Inc.; Sussex, Wis., marketing solutions provider.

STAPLES INC.: New debt financing; Wells Fargo; help fund acquisition of Essendant Inc.; Framingham, Mass., retailer of office supplies.

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.

TRANSDIGM INC.: $3.7 billion of term loans; help fund acquisition of Esterline Technologies Corp.; Cleveland-based designer, producer and supplier of highly engineered aircraft components for use on commercial and military aircraft.

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.

VETS FIRST CORP.: New debt financing; fund a special dividend in connection with spinoff of animal health business from Henry Schein Inc. and merger with Vets First Choice; animal health service and technology platform dedicated to supporting the veterinary market.

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.

VIRTU FINANCIAL INC.: $1.5 billion seven-year term loan; Jefferies and RBC; help fund acquisition of Investment Technology Group Inc. and refinance existing term loan; New York-based technology-enabled market maker and liquidity provider to the financial markets.

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