Bank Loan Calendar: $23.0941 billion deals being marketed

July Bank Meetings

ADVISOR GROUP INC.: Bank meeting expected July 8 week; $1.475 billion credit facilities (B1); UBS; $225 million revolver; $1.25 billion term loan; UBS; help fund buyout by Reverence Capital Partners; Phoenix, Ariz., wealth management platform.

LOPAREX INTERNATIONAL: $600 million credit facilities; Jefferies, Barclays and Nomura; $50 million revolver; $390 million first-lien term loan; $160 million second-lien term loan; help fund buyout by Pamplona Capital Management from Intermediate Capital Group; manufacturer of silicone release liners.

NESTLE SKIN HEALTH: Bank meeting in London July 1, New York July 2; CHF $5.395 billion equivalent credit facilities; Credit Suisse (left on U.S.), Deutsche Bank (left on euro), Goldman Sachs, Barclays, Bank of America, RBC, Mizuho, Credit Agricole, Jefferies and UBS; CHF 2.47 billion U.S. equivalent (about $2.53 billion) seven-year covenant-lite first-lien term loan, 101 soft call for six months; CHF 1.075 billion euro equivalent (about €970 million) seven-year covenant-lite first-lien term loan, 101 soft call for six months; CHF 500 million revolver; pre-placed CHF 945 million U.S. equivalent second-lien term loan; pre-placed CHF 405 million euro equivalent second-lien term loan; help fund buyout by a consortium led by EQT and ADIA from Nestle SA; Lausanne, Switzerland, skincare company.

SNAPAV: Bank meeting July 10; $390 million incremental first-lien term loan (B3/B); UBS, SunTrust and BMO help fund acquisition of Control4 Corp.; Charlotte, N.C., manufacturer and primary source of A/V, surveillance, networking and remote management products for professional integrators.

Upcoming Closings

ANCHOR PACKAGING LLC: $545 million credit facilities; Credit Suisse, Goldman Sachs, Nomura, Antares and Neuberger Berman; $60 million revolver (B2/B); $320 million seven-year covenant-lite first-lien term loan (B2/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; $70 million delayed-draw seven-year covenant-lite first-lien term loan (B2/B) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99 to 99.5; $95 million privately placed second-lien term loan; help fund buyout by the Jordan Co.; Ballwin, Mo., producer of polypropylene rigid takeout containers.

AREAS WORLDWIDE: €1.325 billion credit facilities (B1/B); BNP Paribas, Credit Agricole, Deutsche Bank, Morgan Stanley and Bank of America; €125 million 6.5-year revolver; €200 million equivalent U.S. seven-year term B talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99.5; €850 million seven-year term B talked at Euribor plus 425 bps, 0% floor, OID 99.5; €150 million seven-year acquisition and capex facility; help fund buyout by PAI Partners from Elior Group; concession catering company.

BELFOR HOLDINGS INC.: $75 million add-on term loan B due April 2026 talked at Libor plus 400 bps, 0% Libor floor, OID 99.75; JPMorgan; fund acquisition of a portfolio of residential service brands; Birmingham, Mich., disaster recovery and property restoration company.

BIOSCRIP/OPTION CARE ENTERPRISES INC. (HC GROUP HOLDINGS II LLC): $1.075 billion senior secured credit facilities; Bank of America; $925 million seven-year covenant-lite first-lien term loan (B2/B-) at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call; $150 million five-year asset-based revolver at Libor plus 250 bps; help fund merger; provider of home and alternate treatment site infusion therapy services.

BRP INC.: Expected closing July 22 week; $335 million incremental term B-2 (BB) due May 23, 2025 at Libor plus 250 bps, 0% Libor floor, OID 99, 101 soft call for six months; RBC and BMO; fund a substantial issuer bid to purchase subordinate voting shares and general corporate purposes; Valcourt, Quebec, designer, manufacturer, distributor and marketer of motorized recreational vehicles and powersports engines.

CIRCA RESORT & CASINO (18 FREMONT STREET ACQUISITION LLC): $450 million six-year first-lien term loan (B-) at Libor plus 800 bps, 1.5% Libor floor, OID 98, non-call 1.5 years, then 102, 101; Credit Suisse; fund construction of the Circa Resort in Las Vegas.

CONSOLIDATED CONTAINER CO. LLC: Expected closing July 8 week; $250 million seven-year senior secured covenant-lite incremental term loan (B2/B+) at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Citigroup, Wells Fargo, MUFG, Barclays and SunTrust; fund acquisition of Tri State Distribution Inc.; Atlanta-based rigid plastic packaging manufacturer.

CORECIVIC INC.: $250 million seven-year covenant-lite term B (Ba1/BBB-/BBB-) talked at Libor plus 225 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Citizens, SunTrust, PNC and Regions; refinance revolver borrowings and add cash to the balance sheet; Nashville, Tenn., owner of partnership correctional, detention and residential reentry facilities.

COREL CORP.: $745 million senior secured credit facilities; Citigroup, KKR and Barclays; $60 million revolver (B2/B-); $485 million seven-year covenant-lite first-lien term loan (B2/B-) at Libor plus 500 bps, 0% Libor floor, OID 95, 101 soft call; $200 million privately placed second-lien term loan; help fund buyout by KKR from Vector Capital; Ottawa-based software company.

CULLIGAN HOLDING INC. (AI AQUA MERGER SUB INC.): $70 million covenant-lite add-on term B due Dec. 13, 2023 talked at Libor plus 425 bps to 450 bps, 1% Libor floor, OID 97.5 to 98, 101 soft call for six months; Morgan Stanley; repay revolver borrowings, fund working capital and add cash to the balance sheet; Rosemont, Ill., provider of water treatment products and services.

ELECTRONICS FOR IMAGING INC.: $1.2 billion credit facilities; RBC (left on first-lien), KKR (left on second-lien), Deutsche Bank, Barclays, Credit Suisse, Macquarie, BNP Paribas and Societe Generale; $100 million revolver (B2/B-); $875 million seven-year first-lien term loan (B2/B-) talked at Libor plus 500 bps, 0% Libor floor, OID 95 to 96, 101 soft call for six months; $225 million eight-year second-lien term loan (Caa2/CCC+) talked at Libor plus 900 bps, 0% Libor floor, OID 95 to 96, call protection 102, 101; help fund buyout by Siris Capital Group LLC; Fremont, Calif., technology company focused on the transformation to digital imaging from analog.

GOLDEN HIPPO (ALTERN MARKETING LLC): $275 million credit facilities; Barclays and Macquarie; up to $25 million asset-based revolver; $250 million six-year first-lien term B talked at Libor plus 850 bps, step-down to Libor plus 800 bps based on leverage, 1% Libor floor, OID 98, call protection 102, 101; fund the cash consideration to shareholders in connection with the company’s contemplated sale to an Employee Stock Ownership Plan; Woodland Hills, Calif., developer and distributor of branded health & wellness and beauty products.

HERITAGE POWER LLC: $626.1 million credit facilities (B1/B+); Jefferies and Morgan Stanley; $45 million five-year revolver; $520 million seven-year term B at Libor plus 600 bps, 0% Libor floor, OID 98, 101 soft call for six months; $61.1 million seven-year term C at Libor plus 600 bps, 0% Libor floor, OID 98, 101 soft call for six months; fund commercial letters of credit, repay existing debt and general corporate purposes at the parent company, GenOn Holdings LLC; owner of natural gas and oil-fueled power generation facilities.

HEXION INC.: Expected closing July 1; roughly $1.55 billion equivalent credit facilities; JPMorgan, Credit Suisse, Goldman Sachs, Citigroup, Barclays and Deutsche Bank; $350 million five-year ABL revolver; $725 million seven-year covenant-lite term loan (Ba3/BB-) at Libor plus 350 bps, 0% Libor floor, OID 99, 101 soft call; €425 million seven-year covenant-lite term loan (Ba3/BB-) at Euribor plus 400 bps, 0% floor, OID 99, 101 soft call; help fund exit from bankruptcy; Columbus, Ohio, chemical company.

JUSTRITE SAFETY GROUP: $622.5 million credit facilities; Citizens and Golub; $35 million revolver (B2/B); $410 million seven-year first-lien term B (B2/B) at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; $50 million delayed-draw first-lien term B (B2/B) at Libor plus 450 bps, 0% Libor floor, OID 99; $127.5million privately placed second-lien term loan; refinance existing debt; Des Plaines, Ill., manufacturer and supplier of non-personal protective equipment solutions for industrial and compliance-oriented end markets.

MIRION TECHNOLOGIES INC.: Expected closing July 8 week; $34 million covenant-lite add-on term B due March 6, 2026 at Libor plus 400 bps, 0% Libor floor, OID 99.75, 101 soft call through September; Morgan Stanley; fund tuck-in acquisitions; provider of radiation detection, measurement, analysis and monitoring products to nuclear power, medical, military, and homeland security markets.

MULTI-COLOR CORP.: $1.5 billion equivalent senior secured credit facilities (B2/B); Bank of America, Deutsche Bank, Barclays, BMO, Credit Suisse, Houlihan Lokey and Morgan Stanley; $300 million revolver; $640 million seven-year covenant-lite term loan at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call; $560 million equivalent seven-year covenant-lite term loan at Euribor plus 500 bps, 0% floor, OID 99, 101 soft call; help fund buyout by Platinum Equity LLC and merger with WS Packaging Group; Cincinnati-based label maker.

NEXSTAR MEDIA GROUP INC.: $3.74 billion of incremental term loans (Ba3/BB); Bank of America, Credit Suisse, Deutsche Bank, MUFG, SunTrust, BNP Paribas, Citigroup, Citizens, Fifth Third, Goldman Sachs, Mizuho, Regions Bank and Capital One; $675 million five-year incremental term A at Libor plus 175 bps; $3.065 billion seven-year covenant-lite incremental term B at Libor plus 275 bps, step-down to Libor plus 250 bps at 0.75x inside closing net first-lien leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Tribune Media Co.; Irving, Tex., diversified media company.

NUVEI TECHNOLOGIES CORP.: $894 million credit facilities; BMO, Antares and Capital One; $50 million revolver (B2/B-); $619 million first-lien term loan (B2/B-) at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call; $225 million second-lien term loan (Caa2/CCC) at Libor plus 900 bps, 1% Libor floor, OID 98, call protection 102, 101; fund acquisition of SafeCharge International Group Ltd.; Montreal-based payment technology company.

OUTPUT SERVICES GROUP INC. (OSG BILLING SERVICES): Roughly $497 million equivalent of term loans; Barclays; roughly $232 million equivalent sterling-denominated incremental first-lien term loan (B3) due March 2024 talked at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; roughly $265 million second-lien term loan (Caa3) due September 2024 talked at Libor plus 875 bps to 900 bps, 1% Libor floor, OID 97.5, call protection 102, 101; take out the existing M&A financing and bring Communisis into the existing financing credit group; Ridgefield Park, N.J., provider of billing and customer communications services.

PERATON CORP.: $40 million add-on term loan (B1/B) talked at Libor plus 525 bps, 1% Libor floor, OID 99 to 99.25; Macquarie; mergers and acquisitions; Herndon, Va., provider of satellite and terrestrial communications.

PF GROWTH PARTNERS: $205 million credit facilities; Fifth Third; $5 million revolver; $170 million six-year first-lien term loan talked at Libor plus 500 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call; $30 million six-year delayed-draw first-lien term loan talked at Libor plus 500 bps, 0% Libor floor, OID 99 to 99.5; refinance existing debt, pay a dividend and fund club growth and acquisitions; operator of Planet Fitness Clubs.

PHI INC.: $225 million exit financing five-year term loan B talked at Libor plus 650 bps to 700 bps, 1% Libor floor, OID 98, non-call one, 102, 101; Credit Suisse; refinance existing debt and general corporate purposes; Lafayette, La., provider of helicopter aviation services.

SIRIUS COMPUTER SOLUTIONS INC.: $940 million credit facilities (Ba3/B); Credit Suisse, Citigroup, UBS, Barclays, Deutsche Bank, Goldman Sachs, ING, Macquarie, MUFG, Natixis, Nomura, RBC and SunTrust; $190 million revolver; $750 million seven-year covenant-lite first-lien term loan at Libor plus 425 bps, step-down to Libor plus 400 bps at 5x total net leverage, 0% Libor floor, OID 99.75, 101 soft call for six months; help fund buyout by Clayton, Dubilier & Rice from Kelso & Co.; San Antonio provider of mission-critical IT infrastructure solutions.

SOCOTEC: $190 million covenant-lite term loan due July 2024 talked at Libor plus 425 bps, 0% Libor floor, OID 99 to 99.5; BNP Paribas and Deutsche Bank; also €150 million covenant-lite add-on term loan due July 2024 talked at Euribor plus 375 bps, 0% floor, OID 99.5 to par; fund an acquisition and refinance existing debt; France-based identifier, assessor and manager of risks in the areas of quality, health and safety, and environment.

STARWOOD PROPERTY MORTGAGE: $350 million seven-year term B (Ba2/BB) talked at Libor plus 250 bps to 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan and Morgan Stanley; refinance existing debt; finance company.

TALEN ENERGY SUPPLY LLC: $500 million seven-year term B (BB) at Libor plus 375 bps, 0% Libor floor, OID 99, 101 soft call for six months; JPMorgan, Citigroup, Deutsche Bank, Morgan Stanley, MUFG and Natixis; help repay term B-1 and term B-2; The Woodlands, Tex., energy and power generation company.

TENEO HOLDINGS LLC: $365 million first-lien term loan (B2/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99; Goldman Sachs, Morgan Stanley and Nomura; help fund buyout by CVC Capital Partners from BC Partners; New York-based provider of strategic communications, investment banking, business intelligence, financial analytics, executive recruiting, management consulting and corporate restructuring advisory services.

U.S. RENAL CARE INC.: $1.75 billion credit facilities (B2/B); Barclays, Bank of America, BMO, Macquarie, RBC and SunTrust; $150 million revolver; $1.6 billion first-lien term B at Libor plus 500 bps, 0% Libor floor, OID 98, 101 soft call; help fund buyout by investor group led by Chris Brengard and management, along with Bain Capital Private Equity, Summit Partners, Revelstoke Capital Partners and Mark Caputo; Plano, Tex., provider of dialysis services.

VICTORY CAPITAL HOLDINGS INC.: Expected closing July 1; $1.2 billion senior secured credit facilities (Ba3/BB-); Barclays, RBC and BMO; $100 million five-year revolver; $1.1 billion seven-year term B at Libor plus 325 bps, 0% Libor floor, OID 99, 101 soft call for six months; fund acquisition of USAA Asset Management Co.; Brooklyn, Ohio, asset management firm.

VITECH SYSTEMS GROUP: $130.5 million credit facilities; RBC; $30 million revolver; $100.5 million seven-year term B at Libor plus 400 bps, two 25 bps step-downs, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by CVC Capital Partners; New York-based provider of cloud-based financial administration solutions.

On The Horizon

BUCKEYE PARTNERS LP: $2.85 billion senior secured credit facilities; Credit Suisse, Goldman Sachs, Bank of America, CIBC, MUFG, National Australia Bank, SunTrust and TD Securities; $600 million revolver; $2.25 billion term loan; help fund buyout by IFM Investors; Houston-based owner and operator of integrated midstream assets.

CENTURY CASINOS INC.: $180 million senior secured credit facilities; Macquarie; $10 million five-year revolver; $170 million seven-year term loan; fund acquisition of the operations of Isle Casino Cape Girardeau, Lady Luck Caruthersville and Mountaineer Casino, Racetrack and Resort from Eldorado Resorts Inc.; Colorado Springs, Colo., casino entertainment company.

DEL FRISCO’S RESTAURANT GROUP INC.: New debt financing; help fund buyout by L Catterton; Irving, Tex., restaurant company.

DIAMOND SPORTS GROUP LLC/SINCLAIR BROADCAST GROUP INC.: $4.3 billion of credit facilities; JPMorgan, Deutsche Bank, RBC and Bank of America; $300 million five-year revolver at Diamond; $3.3 billion seven-year term loan at Diamond; $700 million seven-year term loan at Sinclair; help fund acquisition of 21 Regional Sports Networks and Fox College Sports from the Walt Disney Co.; Hunt Valley, Md., television broadcasting company.

E2OPEN: $950 million senior secured credit facilities due Nov. 26, 2024; Golub; $30 million revolver expected at Libor plus 575 bps, 0% Libor floor; $920 million term loan expected at Libor plus 575 bps, 0% Libor floor, call protection 102, 101; help fund acquisition of Amber Road Inc., refinance debt and general corporate purposes; Austin, Tex., cloud-based provider of networked supply chain solutions.

EDGEWELL PERSONAL CARE CO.: $1.6 billion senior secured credit facilities; Bank of America; $400 million revolver; $400 million term A; $800 million term B; help fund acquisition of Harry’s Inc.; Shelton, Conn., consumer products company.

ELDORADO RESORTS INC./CAESARS ENTERTAINMENT CORP.: $6.4 billion credit facilities; JPMorgan (left on Eldorado), Credit Suisse (left on Caesars) and Macquarie; $1 billion revolver at Eldorado expected at Libor plus 325 bps, 0% Libor floor; $3 billion seven-year covenant-lite term B at Eldorado expected at Libor plus 350 bps, 0% Libor floor, 101 soft call for six months; $2.4 billion seven-year covenant-lite term B at Caesars Resorts Collection expected at Libor plus 325 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of Caesars; Reno, Nev., gaming company.

E.W. SCRIPPS CO.: New term B; Morgan Stanley and Wells Fargo; help fund acquisition of eight television stations from Nexstar Media Group Inc.-Tribune Media merger divestitures; Cincinnati-based broadcasting and digital media company.

EXTREME NETWORKS INC.: $455 million five-year credit facilities; BMO; $75 million revolver expected at Libor plus 325 bps; $380 million term loan expected at Libor plus 325 bps; help fund acquisition of Aerohive Networks Inc., refinance some existing debt and general corporate purposes; San Jose, Calif., provider of network infrastructure equipment.

GOODNIGHT MIDSTREAM: New debt financing; help fund buyout by TPG Capital from Tailwater Capital and private investors; Dallas-based midstream provider of oilfield water management infrastructure.

HEALTHEQUITY INC.: $1.61 billion senior secured credit facilities; Wells Fargo; $200 million five-year revolver expected at Libor plus 225 bps, 0% Libor floor; $1.41 billion seven-year covenant-lite term loan expected at Libor plus 300 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of WageWorks Inc. and refinance existing debt; Draper, Utah, provider of solutions for managing health-care accounts, health reimbursement arrangements and flexible spending accounts.

HOWDEN: New debt financing; JPMorgan, Barclays, BNP Paribas, RBC and HSBC; help fund buyout by KPS Capital Partners LP from Colfax Corp.; Glasgow, Scotland, provider of mission critical air and gas handling products and services to the industrial, power, oil & gas and mining industries.

INDUSTRIALCO (INGERSOLL RAND): New debt facilities; Citigroup, KKR and Goldman Sachs; help fund creation through the combination of Ingersoll-Rand plc’s industrial segment with Gardner Denver Holdings Inc.; provider of mission-critical flow creation and industrial technologies.

INMARSAT: $3.3 billion credit facilities; Barclays, Bank of America and UBS; $600 million five-year revolver expected at Libor plus 350 bps, 0% Libor floor; $2.5 billion seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps, 0% Libor floor, 101 soft call for six months; up to $200 million seven-year first-lien delayed-draw covenant-lite term loan expected at Libor plus 425 bps, 0% Libor floor; help fund buyout by Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board; London-based satellite telecommunications company.

ION INVESTMENT GROUP: New debt financing; UBS; fund acquisition of Acuris from BC Partners and GIC; provider of mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations.

ITHACA ENERGY LTD.: $700 million debt financing facility; JPMorgan and BNP Paribas; help fund acquisition of Chevron North Sea Ltd.; Aberdeen, U.K., North Sea oil and gas company.

MORNINGSTAR INC.: $750 million credit facilities; Bank of America; $300 million revolver; $450 million term loan; help fund acquisition of DBRS; Chicago-based provider of independent investment research. DBRS is a credit ratings agency.

NASCAR HOLDINGS INC.: $1.65 billion secured credit facilities; Goldman Sachs, Bank of America and PNC; $150 million revolver; $1.5 billion term loan; help fund acquisition of International Speedway Corp.; Daytona Beach, Fla., sports sanctioning body and provider of news, statistics, and information services on races, drivers, teams, and industry events.

NORTHWEST FIBER LLC: New debt financing; help fund acquisition of Frontier Communications Corp.’s operations and associated assets in Washington, Oregon, Idaho and Montana by WaveDivision Capital LLC and Searchlight Capital Partners LLC.

RANPAK CORP. (ONE MADISON CORP.): New senior secured credit facilities; Goldman Sachs; $45 million five-year revolver; $289.2 million seven-year covenant-lite first-lien term loan; €140 million first-lien term loan; help fund acquisition by One Madison Corp. from Rhône Capital; Concord Township, Ohio, provider of fiber-based, environmentally sustainable protective packaging solutions.

SELECT MEDICAL HOLDINGS CORP.: New incremental term loan; refinance existing debt; Mechanicsburg, Pa., health care company.

SHUTTERFLY INC.: New debt financing; Barclays, Citigroup and SunTrust; help fund buyout by Apollo Global Management LLC; Redwood City, Calif., retailer and manufacturing platform for personalized products and communications.

SOTHEBY’S: New debt financing; BNP Paribas; help fund buyout by BidFair USA; New York-based auction house.

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-lite 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.

TOWN SPORTS INTERNATIONAL LLC: New credit facilities; revolver; term loan; refinance existing bank debt and general corporate purposes; Jupiter, Fla., owner and operator of fitness clubs.

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.

WESTJET AIRLINES LTD.: New debt financing; Barclays, Morgan Stanley and RBC; help fund buyout by Onex Corp.; Calgary, Alta.-based airline company.

ZAYO GROUP HOLDINGS INC.: $6.74 billion senior secured credit facilities; Credit Suisse, Morgan Stanley, Citigroup, Deutsche Bank, SunTrust and TD Securities; $500 million multi-currency revolver; $6.24 billion of term loans; help fund buyout by Digital Colony Partners and the EQT Infrastructure IV fund and refinance existing debt; Boulder, Colo., provider of mission-critical bandwidth to companies.

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