Bank Loan Calendar: $1.000 billion deals being marketed

Upcoming Closings

GENESISCARE: Roughly $1 billion equivalent U.S., euro and Australian term B (B); KKR (left on U.S.), Morgan Stanley (left on euro), Jefferies, BofA Securities and HSBC; $350 million term loan at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call; €500 million term loan at Euribor plus 475 bps, 0% floor, OID 99, 101 soft call; A$150 million term loan; help fund acquisition of 21st Century Oncology; Australian cancer and cardiac care company.

On The Horizon

AVI-SPL: $370 million seven-year covenant-lite term B (B2/B); BofA Securities, Barclays, Guggenheim, KKR and Macquarie; help fund merger with Whitlock; Tampa, Fla.-based digital workplace services provider.

CHAMPIONX: Roughly $537 million term loan; Bank of America; fund a cash payment to Ecolab Inc. in connection with sale to Apergy Corp. by Ecolab; upstream energy business.

CINCINNATI BELL INC.: $1.6 billion senior secured credit facilities; Goldman Sachs, Regions Capital and Societe Generale; $250 million revolver; $1.35 billion of term loans; help fund acquisition by Macquarie Infrastructure Partners; Cincinnati-based provider of integrated communications solutions.

CORNERSTONE ONDEMAND INC.: $1.135 billion senior secured credit facilities; Morgan Stanley, Credit Suisse, BofA Securities, Deutsche Bank and Jefferies; $150 million five-year revolver expected at Libor plus 325 bps, 25 bps step-down at first-lien net leverage of 3x and 25 bps step-down at first-lien net leverage of 2.5x, 0% Libor floor; $985 million seven-year covenant-lite first-lien term B expected at Libor plus 350 bps, 25 bps step-down at first-lien net leverage of 2.75x, 0% Libor floor, 101 soft call for six months; help fund acquisition of Saba; Santa Monica, Calif., people development company.

ELDORADO RESORTS INC./CAESARS ENTERTAINMENT CORP.: $6.4 billion credit facilities; JPMorgan (left on Eldorado), Credit Suisse (left on Caesars), Macquarie, BofA Securities, Deutsche Bank, Goldman Sachs, SunTrust, U.S. Bank, KeyBanc, Fifth Third and Citizens; $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.

KNOWLTON DEVELOPMENT CORP. (KDC/ONE): New U.S. and euro debt financing; UBS and Jefferies; help fund acquisition of Zobele Group; Longueuil, Quebec, manufacturer and custom formulator of beauty, personal care and household products.

LOGMEIN INC.: $3.55 billion credit facilities; Barclays, RBC, Deutsche Bank, Jefferies and Mizuho; $250 million revolver; $2.7 billion first-lien term loan; $600 million second-lien term loan; help fund buyout by Francisco Partners and Elliott Management Corp.; Boston-based provider of cloud-based connectivity.

MILANO ACQUISITION CORP. (U.S. STATE AND LOCAL HEALTH AND HUMAN SERVICES): New debt financing; JPMorgan; help fund buyout by Veritas Capital from DXC Technology; end-to-end provider of technology enabled, mission critical solutions that are fundamental to the administration and operations of health programs.

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.

RSA: $1.425 billion credit facilities; UBS, Jefferies, Barclays and Deutsche Bank; $75 million revolver; $1 billion first-lien term loan; $350 million second-lien term loan; help fund buyout by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners from Dell Technologies; provider of digital risk solutions including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.

SILGAN HOLDINGS INC.: $900 million delayed-draw term loan; fund acquisition of Albea Beauty Holdings SA’s dispensing business; Stamford, Conn., producer of rigid packaging for consumer goods.

SIRVA INC.: New debt financing; Barclays, Deutsche Bank and BofA Securities; help fund acquisition of relocation assets of Cartus from Realogy Holdings Corp.; Oakbrook Terrace, Ill., relocation and moving company.

TECH DATA: New debt financing; Citigroup, JPMorgan, Wells Fargo, Barclays and RBC; help fund buyout by Apollo Global Management Inc.; Clearwater, Fla., distributor of IT products.

US FOODS HOLDING CORP.: $700 million seven-year senior secured incremental term loan; Citigroup and BofA Securities; help fund acquisition of Smart Foodservice Warehouse Stores; Rosemont, Ill., foodservice distributor.

WESCO INTERNATIONAL INC.: $1.2 billion senior secured asset-based revolver; Barclays; help fund acquisition of Anixter International; Pittsburgh-based distributor and provider of supply chain management services to the aerospace industry.

WEX INC.: $1.052 billion seven-year term B expected at Libor plus 250 bps, 101 soft call for six months; BofA Securities, Citizens, MUFG, SunTrust, Wells Fargo, BMO, Santander, KeyBanc, Regions, Deutsche Bank and Fifth Third; help fund acquisition of eNett and Optal; South Portland, Maine, provider of corporate payment solutions.

WHOLE EARTH BRANDS (ACT II GLOBAL ACQUISITION CORP.): $235 million five-year credit facilities; TD Bank; $50 million revolver expected at Libor plus 275 bps; $185 million term A expected at Libor plus 275 bps; help fund formation through acquisition of Merisant Co. and MAFCO Worldwide LLC by Act II from MacAndrews & Forbes Inc.; platform of branded products and ingredients focused on the consumer transition towards Natural alternatives and clean label products.

XPERI CORP.: $1.1 billion seven-year senior secured covenant-lite term B expected at Libor plus 250 bps if corporate ratings are at least Ba3/BB- and Libor plus 275 bps if corporate ratings are lower than Ba3/BB-, 0% Libor floor, 101 soft call for six months; BofA Securities, RBC and Barclays; refinance debt in connection with merger with TiVo Corp.; San Jose, Calif., licenser of technologies and intellectual property.

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