Bank Loan Calendar: $21.4746 billion deals being marketed

February Bank Meetings

NEUSTAR INC.: Bank meeting Feb. 14; $200 million incremental covenant-light term loan due August 2024; Bank of America; refinance an existing term loan and general corporate purposes; Sterling, Va., provider of real-time information services.

Upcoming Closings

ACPRODUCTS INC.: $578 million credit facilities; Barclays; $75 million 4.75-year ABL revolver; $400 million five-year first-lien term loan (B3/B+) talked at Libor plus 550 bps, 0% Libor floor, OID 97 to 98, 101 soft call; $103 million 5.5-year privately placed second-lien term loan (Caa2/CCC+); fund the acquisition of Elkay Wood Products Co. and refinance existing debt; The Colony, Texas, manufacturer and distributor of cabinets.

ALERA GROUP: $105 million add-on covenant-light term B (including $30 million privately placed delayed-draw term loan) (B2) due August 2025 talked at Libor plus 450 bps, 0% Libor floor, OID 99; JPMorgan; fund acquisitions; Deerfield, Ill.-based insurance brokerage and wealth management firm.

AVISON YOUNG INC.: $385 million credit facilities (B2/B); Credit Suisse, CIBC and Bank of America; $60 million revolver; $325 million seven-year covenant-light first-lien term loan talked at Libor plus 500 bps, 0% Libor floor, OID 98, 101 soft call for six months; help fund recently completed acquisition of GVA; Toronto-based commercial real estate services firm.

BELFOR: $935 million credit facilities; JPMorgan; $200 million revolver (Ba3/B); $585 million seven-year first-lien term loan (Ba3/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99; $150 million second-lien term loan; help fund buyout by American Securities; Birmingham, Mich., disaster recovery and property restoration company.

BRIGHTSPRING HEALTH SERVICES (PHOENIX GUARANTOR INC.): Expected closing late February/early March; $1.9875 billion credit facilities (B1/B); Morgan Stanley, Credit Suisse, Jefferies, KKR and Credit Agricole; $187.5 million five-year revolver; $1.65 billion seven-year covenant-light term B at Libor plus 450 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; $150 million delayed-draw covenant-light term loan at Libor plus 450 bps, 0% Libor floor, OID 98.5; fund combination of PharMerica and BrightSping under KKR and Walgreens Boots Alliance ownership; Louisville, Ky., health care services provider.

BROOKS AUTOMATION INC.: Expected closing Feb. 15; $349.1 million senior secured covenant-light term B due Oct. 4, 2024 at Libor plus 300 bps, 0% Libor floor, OID 99, 101 soft call for six months; Morgan Stanley; general corporate purposes, including the previous acquisition of Genewiz Group, and refinance existing debt; Chelmsford, Mass., provider of automation and cryogenic solutions.

CEVA LOGISTICS: $825 million covenant-light term B (B1/B+) due August 2025 talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 98 to 99, 101 soft call for six months; HSBC, BNP Paribas and Societe Generale; refinance existing debt; Switzerland-based third-party logistics company.

CIVITAS SOLUTIONS, INC.: $1.18 billion credit facilities; Goldman Sachs, UBS, RBC, KeyBanc, BMO and Fifth Third; $125 million revolver; $805 million seven-year first-lien term B (B1/B) at Libor plus 425 bps, 25 bps leverage-based pricing step-down and one 25 bps step-down upon an IPO, 0% Libor floor, OID 99, 101 soft call for six months; $50 million seven-year first-lien term C (B1/B) at Libor plus 425 bps, 25 bps leverage-based pricing step-down and one 25 bps step-down upon an IPO, 0% Libor floor, OID 99, 101 soft call for six months; $200 million privately placed second-lien term loan; help fund buyout by Centerbridge Partners LP; Boston-based provider of home- and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs.

COMMSCOPE INC.: $4.2 billion of credit facilities; JPMorgan; $1 billion asset-based revolver; $3.2 billion seven-year term B (Ba1/BB) at Libor plus 325 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund acquisition of Arris International plc; Hickory, N.C., provider of infrastructure services for communication networks.

DUFF & PHELPS: $280 million first-lien incremental term loan talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; UBS; fund acquisition of Prime Clerk; New York-based independent advisor.

EPIC CRUDE SERVICES: $1.075 billion credit facilities; Goldman Sachs, Barclays, Deutsche Bank, ABN Amro and Mirae; $75 million super-priority revolver; $1 billion seven-year senior secured term B (B3/B+) talked at Libor plus 500 bps, 0% Libor floor, OID 98, call protection 102, 101; partially fund the crude pipeline construction project, and fund associated debt service reserve and construction reserve accounts; crude pipeline originating in the Permian and Eagle Ford Basins and terminating in Corpus Christi.

FASTMED URGENT CARE: $525 million of term loans; Barclays, Societe Generale and Antares; $400 million six-year first-lien term loan (B2/B-) talked at Libor plus 550 bps, 0% Libor floor, OID 96 to 97, 101 soft call; $125 million privately placed 6.5-year second-lien term loan (Caa2/CCC) at Libor plus 950 bps, 0% Libor floor; fund the acquisition of NextCare Holdings; Clayton, NC, provider of walk-in clinic services.

GETTY IMAGES INC.: $1.04 billion seven-year covenant-light term B (B2/B-) at Libor plus 450 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; JPMorgan; also €450 million seven-year covenant-light term B (B2/B-) at Euribor plus 500 bps, 0% floor, OID 98, 101 soft call for six months; help refinance balance sheet in connection with acquisition by Getty family from Carlyle Group; visual communications company.

INNOVATIVE WATER CARE GLOBAL CORP.: $450 million of term loans; Bank of America (left on first-lien), Citigroup (left on second-lien), Deutsche Bank, Nomura and BMO; $350 million seven-year first-lien term loan (B3/B) talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 98, 101 soft call; $100 million eight-year second-lien term loan (Caa2/B-) talked at Libor plus 875 bps to 900 bps, 0% Libor floor, OID 97, call protection 102, 101; help fund buyout by Platinum Equity from Lonza Group; Alpharetta, Ga., provider of water treatment solutions and residential pool care products.

INSTITUTIONAL SHAREHOLDER SERVICES INC.: $735 million credit facilities; Antares and Golub; $40 million five-year revolver; $495 million seven-year first-lien term loan talked at Libor plus 450 bps, 25 bps step-down when net first-lien leverage is less than 4.5x, 0% Libor floor, OID 99, 101 soft call for six months; $200 million eight-year second-lien term loan talked at Libor plus 850 bps, 0% Libor floor, OID 98 to 98.5, call protection 102, 101; refinance existing debt and fund acquisition of Strategic Insights; Rockville, Md., provider of corporate governance and responsible investment solutions to financial market participants.

JANUS INTERNATIONAL GROUP: $75 million incremental first-lien term loan talked at Libor plus 450 bps, OID 98.5, 101 soft call; UBS; support several tuck-in acquisitions; Temple, Ga., manufacturer of roll up and swing doors, hallway systems and re-locatable storage units for the self-storage industry.

MAIN EVENT ENTERTAINMENT: $200 million senior secured term loan (B3/B-) talked at Libor plus 625 bps to 650 bps, 0% Libor floor, OID 98, 101 hard call; UBS; refinance existing debt; Dallas-based operator of family entertainment centers with locations across the U.S.

MILLENNIUM TRUST CO. (MINOTAUR ACQUISITION CO.): $945 million credit facilities; Credit Suisse, Antares, BNP Paribas, SunTrust and Deutsche Bank; $90 million revolver (B2/B); $610 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 98, 101 soft call for six months; $245 million privately placed second-lien term loan (Caa2/CCC); help fund buyout by Abry Partners from Parthenon Capital Partners; Oak Brook, Ill., provider of technology-enabled retirement services and institutional custody solutions.

MIRION TECHNOLOGIES INC.: $540 million senior secured credit facilities (B); Morgan Stanley, Goldman Sachs, JPMorgan and HSBC; $90 million revolver; $450 million seven-year covenant-light first-lien term B talked at Libor plus 450 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; also €125 million privately placed first-lien term B; refinance existing debt; provider of radiation detection, measurement, analysis, and monitoring products to nuclear power, medical, military, and homeland security markets.

ORCHID ORTHOPEDIC SOLUTIONS: $745 million credit facilities; Jefferies, Credit Suisse and Citigroup; $100 million revolver; $485 million seven-year first-lien term loan talked at Libor plus 425 bps to 450 bps, 25 bps leverage-based step-down, 0% Libor floor, OID 99, 101 soft call for six months; $160 million eight-year privately placed second-lien term loan; help fund buyout by Nordic Capital Partners from Altor Fund III; Holt, Mich., designer and manufacturer of medical devices.

OREGON CLEAN ENERGY LLC: $550 million credit facilities (Ba3/BB-); Credit Suisse; $50 million revolver; $500 million seven-year first-lien term loan talked at Libor plus 400 bps, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund a shareholder distribution; 870 MW combined cycle natural gas-fired generation facility located in Oregon, Ohio.

P.F. CHANG’S CHINA BISTRO INC. (PFC ACQUISITION CORP.): $485 million credit facilities (B/B+); Credit Suisse and KKR; $55 million revolver; $430 million seven-year first lien term loan at Libor plus 650 bps, 25 bps step-down at 4x net total leverage, 0% Libor floor, OID 99, call protection 102, 101; fund buyout by TriArtisan Capital Advisors from Centerbridge Partners; Scottsdale, Ariz., Asian-themed casual dining restaurant chain.

PSS INDUSTRIAL GROUP CORP.: $350 million senior secured credit facilities (B3/B); KeyBanc and ING; $50 million revolver; $300 million term B talked at Libor plus 550 bps to 575 bps, OID 98; refinance existing debt and general corporate purposes; Houston-based distributor of consumable products and services to the energy and industrial sectors.

REVERE POWER LLC: $570 million credit facilities (Ba3/BB-); Jefferies, SunTrust and Mirae; $55 million five-year revolver; $445 million seven-year term B at Libor plus 425 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; $70 million seven-year term C at Libor plus 425 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; fund Carlyle Group’s acquisition of three natural gas-fired generation facilities from Emera Inc.; seller of power, capacity and ancillary services into the ISO-New England market.

TRICO GROUP LLC: $335 million of term loans; Credit Suisse and FTI Capital; $235 million incremental first-lien term loan (B) due February 2024 talked at Libor plus 675 bps to 700 bps, 1% Libor floor, OID 96 plus a 1% fee, call protection 102, 101; $100 million second-lien term loan due February 2025 talked at Libor plus 900 bps cash plus 2% PIK, 1% Libor floor, call protection 103, 102, 101; fund acquisition of Fram Group; Rochester Hills, Mich., manufacturer of automotive aftermarket products.

VIRTU FINANCIAL LLC: $1.55 billion credit facilities (Ba3/B+/BB-); Jefferies and RBC; $50 million three-year revolver at Libor plus 350 bps, 0% Libor floor; $1.5 billion seven-year first-lien term loan at Libor plus 350 bps, 25 bps leverage-based step-down, 0% Libor floor, OID 99.5, 101 soft call; help fund acquisition of Investment Technology Group Inc. and refinance existing first-lien debt; New York-based technology-enabled market maker and liquidity provider to the financial markets.

On The Horizon

CALPINE CORP.: $600 million of bank loans; help fund capital expenditures related to the Geysers geothermal project in Northern California; San Jose, Calif., power generator.

CARBONITE INC.: New senior secured credit facilities; Barclays, Citizens and RBC; five-year revolver; $550 million seven-year term loan; help fund acquisition of Webroot Inc.; Boston-based cloud-based data protection provider.

ELLIE MAE: New debt financing; Jefferies; help fund buyout by Thoma Bravo LLC; Pleasanton, Calif., cloud-based platform provider for the mortgage finance industry.

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.

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.

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.

NEXSTAR MEDIA GROUP INC.: $4.1 billion senior secured incremental term loans; Bank of America, Credit Suisse and Deutsche Bank; $500 million incremental term A; $3.6 billion incremental term B; help fund acquisition of Tribune Media Co.; Irving, Texas, diversified media 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.

RANPAK CORP. (ONE MADISON CORP.): $495 million senior secured credit facilities; Goldman Sachs; $45 million five-year revolver expected at Libor plus 375 bps if first-lien net leverage is less than 5x and Libor plus 400 bps if more than 5x; $450 million seven-year covenant-light first-lien term loan expected at Libor plus 375 bps if first-lien net leverage is less than 5x and Libor plus 400 bps if more than 5x, 101 soft call for six months; help fund acquisition by One Madison Corp. from Rhône Capital; Concord Township, Ohio, provider of fiber-based, environmentally sustainable protective packaging solutions.

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.

TIVITY HEALTH INC.: $1.335 billion senior secured credit facilities; Credit Suisse, SunTrust, Citigroup, Citizens, Fifth Third, Regions Capital and Goldman Sachs; $125 million revolver; $1.21 billion term loan; help fund acquisition of Nutrisystem Inc.; Franklin, Tenn., provider of fitness and health improvement programs.

TRAVELPORT WORLDWIDE LTD.: New debt financing; Bank of America, Deutsche Bank, Macquarie, Credit Suisse and Barclays; $150 million revolver; help fund buyout by Siris Capital Group LLC and Evergreen Coast Capital Corp.; Langley, U.K., travel technology company.

ULTIMATE SOFTWARE GROUP INC.: New loan; Credit Suisse; help fund buyout by an investor group led by Hellman & Friedman; Weston, Fla., provider of human capital management solutions in the cloud.

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.

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.

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