Bank Loan Calendar: $30.9437 billion deals being marketed

October Bank Meetings

ADEVINTA: Lender call Oct. 14; $500 million (€426 million equivalent) term B (BB-/BB+), 101 soft call for six months; Barclays, Citigroup, BNP Paribas, DNB, JPMorgan, BofA Securities and ING; also €900 million term B (Ba3/BB-/BB+), 101 soft call for six months; help refinance existing debt and fund the acquisition of eBay Classifieds Group from eBay Inc.; Oslo, Norway, online classifieds company.

ADVANTAGE SALES & MARKETING INC.: Lender call Oct. 14; $2.5 billion senior secured credit facilities; BofA Securities, Morgan Stanley and Deutsche Bank; $400 million asset-based revolver; $2.1 billion term loan; refinance existing debt in connection with acquisition by Conyers Park II Acquisition Corp.; Irvine, Calif., provider of outsourced sales and marketing services to consumer goods manufacturers and retailers.

CHOBANI LLC: Lender call Oct. 14; new loan; BofA Securities; Norwich, N.Y., producer of Greek yogurt.

CURIUM BIDCO SARL: Lender call Oct. 15; $590 million of term loans; JPMorgan, Barclays, Deutsche Bank and Nomura; $265 million seven-year first-lien term B (B2/B/B+); $325 million eight-year second-lien term loan (Caa2/CCC+/CCC+); help fund acquisition by CapVest Fund IV and third-party investors from CapVest Fund III; nuclear medicine company based in London and Paris.

HARGRAY COMMUNICATIONS GROUP INC.: Lender call Oct. 14; $60 million incremental covenant-lite first-lien term loan due May 2024 talked at Libor plus 300 bps, 25 bps step-down at 4.75x first-lien leverage, 1% Libor floor, OID 99.28; Credit Suisse; general corporate purposes; Hilton Head Island, S.C., telecommunications provider.

NORTHSTAR: Bank meeting Oct. 15; $555 million first-lien term loan; Macquarie; refinance existing debt and fund a dividend; financial services company.

PARTS AUTHORITY (PAI HOLDCO INC.): Bank meeting Oct. 14; $925 million credit facilities; Jefferies and Golub; $125 million five-year ABL revolver; $600 million seven-year senior secured first-lien term loan; $200 million privately placed eight-year senior secured second-lien term loan; help fund buyout by Kohlberg & Co. LLC from The Jordan Co.; Lake Success, N.Y., automotive aftermarket replacement parts distribution platform.

PROAMPAC: Lender call Oct. 14; $1.54 billion credit facilities; Antares, JPMorgan and Goldman Sachs; roughly $1.465 billion five-year first-lien term loan (including roughly $114 million incremental); $75 million incremental revolver; extend existing first-lien term loan, help refinance existing second-lien term loan, fund a planned acquisition and repay revolver drawings; Cincinnati-based supplier of flexible packaging products.

WHEEL PROS: Lender call Oct. 14; $945 million of term loans; UBS; $735 million first-lien term loan; $210 million second-lien term loan; refinance existing debt and fund a dividend; distributor of wheels and tires.

ZYWAVE INC.: Lender call Oct.14; $390 million senior secured credit facilities; Morgan Stanley; $50 million revolver; $340 million first-lien term B; help fund acquisition of the company and provide for working capital needs and general corporate purposes; Milwaukee-based insurance technology provider.

Upcoming Closings

1-800 CONTACTS INC. (CNT HOLDINGS I CORP.): $1.38 billion senior secured credit facilities; Morgan Stanley (left on first-lien), KKR (left on second-lien), Jefferies, UBS, Barclays, Credit Suisse, Societe Generale, Mizuho and MUFG; $110 million five-year revolver (B2/B); $930 million seven-year covenant-lite first-lien term B (B2/B) talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99 to 99.5, 101 soft call for six months; $340 million eight-year covenant-lite second-lien term loan (Caa2/CCC+) talked at Libor plus 750 bps to 775 bps, 0.75% Libor floor, OID 99, hard call 102, 101; help fund buyout by KKR from AEA Investors; Draper, Utah, seller of contact lenses.

AHEAD DB HOLDINGS: $1.135 billion credit facilities; RBC, Deutsche Bank, Barclays, KKR, Macquarie, Truist, Regions and TD Securities; $115 million revolver (B1/B); $785 million seven-year first-lien term loan (B1/B) at Libor plus 500 bps, 1% Libor floor, OID 96, 101 soft call; $235 million privately placed second-lien term loan (Caa1); help fund buyout by Centerbridge Partners LP from Court Square Capital Partners; Chicago-based IT solution provider of enterprise hardware and software.

ALLIANT HOLDINGS INTERMEDIATE LLC: Expected closing late Oct. 12 week; $725 million senior secured credit facilities (B2/B); Morgan Stanley, JPMorgan, Truist, BofA Securities, Capital One, Goldman Sachs, RBC, Fifth Third, KKR and Macquarie; $400 million five-year revolver; $325 million seven-year covenant-lite term B-3 at Libor plus 375 bps, 0.5% Libor floor, OID 99.25, 101 soft call; help make a special distribution and complete acquisitions under letters of intent; Newport Beach, Calif., specialty insurance brokerage firm.

API GROUP INC.: $250 million incremental senior secured covenant-lite term loan B (Ba3/BB-) due October 2026 talked at Libor plus 275 bps, 0% Libor floor, OID 98, 101 soft call for six months; Citigroup and U.S. Bank; replenish balance sheet cash; New Brighton, Minn., business services provider of safety, specialty and industrial services.

ARRAY TECHNOLOGIES: $575 million seven-year first-lien term B (B1/B+) at Libor plus 400 bps, 1% Libor floor, OID 97, 101 soft call; Goldman Sachs, Barclays, Nomura, MUFG, Credit Suisse, Guggenheim and UBS; fund a dividend; Albuquerque, N.M., manufacturer of ground-mounting systems used in solar energy projects.

ASCEND LEARNING LLC: $350 million incremental first-lien term loan (B1/B-) due July 2024 talked at Libor plus 325 bps to 350 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; Barclays, BofA Securities, Deutsche Bank, Morgan Stanley and RBC; fund a dividend and general corporate purposes; provider of educational content, software and analytics solutions.

BALDWIN RISK PARTNERS LLC (BRP GROUP INC.): Expected closing Oct. 14; $800 million senior secured credit facilities (B2/B); JPMorgan, BofA Securities, Wells Fargo, Capital One, Cadence Bank and Lake Forest Bank & Trust Co.; $400 million revolver due 2025; $400 million first-lien term B due 2027 at Libor plus 400 bps, 0.75% Libor floor, OID 98.5; refinance existing revolver and general corporate purposes; Tampa, Fla., insurance distribution firm.

BUMBLE (BUZZ FINCO LLC): Expected closing mid-October; $275 million senior secured incremental covenant-lite term B (B1/B/BB) due Jan. 29, 2027 at Libor plus 325 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; Citigroup, Barclays, HSBC, RBC and SMBC; help fund a distribution to shareholders; provider of online dating and social networking services.

CAMBIUM LEARNING GROUP: Expected closing Oct. 15; $575 million of term loans; RBC, Deutsche Bank, KKR, Macquarie, Barclays and BMO; $450 million incremental first-lien term loan (B2/B-/BB) due December 2025 at Libor plus 450 bps, 0% Libor floor, OID 98, 101 soft call for six months; $125 million incremental second-lien term loan (Caa2/CCC/CCC+) due December 2026 at Libor plus 850 bps, 1% Libor floor, OID 96, hard call 102, 101; help fund the acquisition of Rosetta Stone Inc.; Dallas-based education technology platform.

FILTRATION GROUP: $400 million incremental first-lien term B (B3/B) talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs and JPMorgan; fund a dividend recapitalization; provider of filtration solutions.

HARBOR FREIGHT TOOLS USA INC.: $3 billion seven-year covenant-lite first-lien term loan (Ba3/BB-) talked at Libor plus 325 bps to 350 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Credit Suisse; refinance existing debt and fund a dividend; Camarillo, Calif., retailer of tools and equipment.

HELP AT HOME LLC (HAH GROUP HOLDING CO. LLC): $819 million credit facilities; Jefferies, Barclays, BMO and UBS; $74 million five-year revolver (B1/B-); $515 million seven-year first-lien term loan (B1/B-) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; $65 million first-lien delayed-draw term loan (B1/B-) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 98.5; $165 million privately placed eight-year second-lien term loan (Caa1/CCC); help fund buyout by Centerbridge Partners and The Vistria Group; Chicago-based provider of home care and support.

HIGHTOWER HOLDING LLC: Expected closing mid-Oct. 12 week; $190 million of term loans; Antares; $130 million incremental first-lien term loan due Jan. 31, 2025 at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; $25 million incremental first-lien delayed-draw term loan at Libor plus 500 bps, 1% Libor floor, OID 98.5; $35 million incremental second-lien term loan; fund acquisitions; Chicago-based registered investment advisor.

INFOBLOX INC.: $1.945 billion senior secured credit facilities; Morgan Stanley, Credit Suisse, Barclays, Deutsche Bank, Goldman Sachs, BofA Securities, Jefferies, Macquarie, UBS and Mizuho; $200 million revolver (B2/B-/B-); $1.29 billion seven-year covenant-lite first-lien term B (B2/B-/B-) at Libor plus 375 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $455 million eight-year covenant-lite second-lien term loan (Caa2/CCC/CCC) at Libor plus 725 bps, 0.75% Libor floor, OID 99.5, hard call 102, 101; fund the acquisition of a 50% equity stake in the company by Warburg Pincus and refinance existing debt; Santa Clara, Calif., provider of core networking and cybersecurity solutions.

MARAVAI LIFESCIENCES: $750 million senior secured credit facilities (B3/B-); Morgan Stanley, Goldman Sachs, Jefferies and Antares; $150 million five-year revolver; $600 million seven-year covenant-lite first-lien term B talked at Libor plus 450 bps, 25 bps step-down at 4.5x net first-lien leverage, 1% Libor floor, OID 99, 101 soft call for six months; refinance existing debt, fund the repurchase of an existing Cygus minority interest and fund a distribution to shareholders; San Diego-based provider of life science reagents and services to researchers and biotech innovators.

MEGA BROADBAND INVESTMENTS HOLDINGS LLC: $725 million senior secured credit facilities; Truist, Credit Suisse, TD Securities and Citizens; $75 million five-year revolver; $650 million seven-year term B talked at Libor plus 350 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund a distribution to existing shareholders; broadband provider.

PAE HOLDING CORP.: $890 million seven-year covenant-lite term B (including $150 million delayed-draw tranche) (B2/B) at Libor plus 450 bps, 0.75% Libor floor, OID 98.5; BofA Securities, Citizens, Truist, Morgan Stanley and Stifel; refinance existing debt and acquisition financing; Falls Church, Va., provider of support services for the U.S. government, its allied partners and international organizations.

PROMONTORY INTERFINANCIAL NETWORK LLC (NEXUS BUYER LLC): $340 million incremental covenant-lite first-lien term loan (B2/B-) due November 2026 talked at Libor plus 375 bps, 0% Libor floor, OID 98.75 area; Nomura, Morgan Stanley, RBC, UBS and Blackstone; repay a portion of second-lien term loan and fund a distribution to shareholders; Arlington, Va., financial technology solutions provider offering deposit placement and funding services to financial institutions.

QUIRCH FOODS LLC: $675 million credit facilities; RBC; $475 million seven-year senior secured first-lien term B (B3/B) talked at Libor plus 525 bps to 550 bps, 1% Libor floor, OID 98, 101 soft call for six months; $200 million ABL revolver; help fund acquisition of Colorado Boxed Beef Co. from Altamont Capital Partners; Coral Gables, Fla., specialty protein supplier.

ROUGH COUNTRY: $401.2 million first-lien term loan (B) due May 25, 2025 talked at Libor plus 375 bps, 1% Libor floor, OID 99, 101 soft call for six months; Golub; help fund a dividend and extend existing term loan; Dyersburg, Tenn., supplier of aftermarket suspension lift kits and components to the off-road SUV and light truck enthusiast market.

RUSSELL INVESTMENT MANAGEMENT LLC: $996 million senior secured first-lien term loan due May 30, 2025 talked at Libor plus 300 bps to 325 bps, 1% Libor floor, OID/extension fee 99.5/50 bps, 101 soft call for six months; Barclays; amendment and extension; Seattle-based asset manager.

SERVICE LOGIC ACQUISITION INC. (SABER MERGER SUB INC.): $670 million of first-lien term loans (B2/B); JPMorgan; $520 million seven-year first-lien term loan talked at Libor plus 400 bps, 25 bps step-down at 0.5x inside closing first-lien net leverage, 0.75% Libor floor, OID 99, 101 soft call for six months; $150 million delayed-draw first-lien term loan talked at Libor plus 400 bps, 25 bps step-down at 0.5x inside closing first-lien net leverage, 0.75% Libor floor, OID 99; help fund buyout by Leonard Green & Partners LP; Charlotte, N.C., provider of aftermarket maintenance, repair, and replacement services for commercial HVAC equipment, chilled water systems, and building automation and controls systems.

SOVOS BRANDS INTERMEDIATE INC.: $380 million seven-year covenant-lite first-lien term loan (B) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; Credit Suisse; refinance existing debt and fund acquisition of Birch Benders LLC; Berkeley, Calif., food company.

TEAM SERVICES GROUP: $400 million credit facilities; Credit Suisse and Jefferies; $30 million revolver (B2/B-); $285 million seven-year covenant-lite first-lien term loan (B2/B-) talked at Libor plus 500 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; $85 million eight-year covenant-lite second-lien term loan (Caa2/CCC) talked at Libor plus 900 bps, 1% Libor floor, OID 98, call protection 102, 101; fund acquisition by Alpine Investors and co-investors; provider of employment administration and risk management solutions that facilitate self-directed home care.

UNITEDLEX: $110 million term loan at Libor plus 575 bps, 0% Libor floor, OID 97, 101 soft call; Macquarie and BNP Paribas; closed in March to repay existing credit facility, partially repay a shareholder loan, make a payment to the prior sellers and provide cash to the balance sheet; Overland Park, Kan., legal outsourcing services provider.

VANDER-BEND MANUFACTURING INC.: $197.5 million credit facilities; Goldman Sachs; $20 million revolver; $177.5 million first-lien term B; refinance existing debt and fund acquisition of Swiss Precision Machining; San Jose, Calif., provider of prototyping, precision manufacturing and assembly solutions to medical technology OEMs and other high growth, recession-resistant sectors.

WCG PURCHASER CORP.: Expected closing Oct. 30; $150 million incremental first-lien term loan due Jan. 8, 2027 at Libor plus 400 bps, 1% Libor floor, OID 98.6, 101 soft call through January 2021; Barclays; fund tuck-in mergers and acquisitions and general corporate purposes; Princeton, N.J., provider of clinical trial optimization solutions.

WEBER-STEPHEN PRODUCTS LLC: $1.5 billion credit facilities (B); BofA Securities, BMO, Citigroup, JPMorgan, Morgan Stanley, UBS and Wells Fargo; $300 million five-year revolver; $1.2 billion seven-year term B talked at Libor plus 325 bps to 350 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and add liquidity; manufacturer of charcoal, gas and electric grills and accessories.

WHITE CAP (APPLECARAMEL BUYER LLC): Expected closing Oct. 19; $2.335 billion seven-year covenant-lite first-lien term B (B2/B) at Libor plus 400 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; Deutsche Bank, RBC, Jefferies, BNP Paribas, Credit Suisse, Goldman Sachs, Mizuho and Nomura; help fund buyout by Clayton, Dubilier & Rice from HD Supply Holdings Inc. and combination with Construction Supply Group; distributor of concrete accessories, and specialty construction and safety products.

On The Horizon

ADTALEM: $1.4 billion senior secured credit facilities; Morgan Stanley, Barclays, Credit Suisse and MUFG; $400 million five-year revolver expected at Libor plus 375 bps, two 25 bps step-downs based on first-lien net leverage, 0% Libor floor; $1 billion seven-year covenant-lite first-lien term B expected at Libor plus 400 bps, two 25 bps step-downs based on first-lien net leverage, 0.5% Libor floor, 101 soft call for six months; help fund acquisition of Walden University from Laureate Education Inc. and refinance Adtalem’s existing credit agreement; Chicago-based workforce solutions provider.

AMERICAN BATH GROUP LLC: New debt financing; Credit Suisse, RBC, BofA Securities, BMO, Truist, Barclays and UBS; help fund buyout by Centerbridge Partners LP from Lone Star Funds; Arlington, Texas, manufacturer of showers, bathtubs and related accessories.

ANCESTRY: New debt financing; Credit Suisse and BofA Securities; help fund buyout by Blackstone from Silver Lake, GIC, Spectrum Equity, Permira and other equity holders; Lehi, Utah, provider of digital family history services and consumer genomics.

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.

COVIS GROUP SARL: $515 million of incremental bank debt; $460 million of incremental senior secured term loans; $55 million incremental revolver; help fund acquisition of AMAG Pharmaceuticals Inc.; Luxembourg-based specialty pharmaceutical company.

GARRETT MOTION INC.: New exit financing; Citigroup, UBS, Credit Suisse and BNP Paribas; help fund acquisition by KPS Capital Partners LP through Chapter 11; Rolle, Switzerland, provider of passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions.

HELIOS TECHNOLOGIES: New credit facilities; help fund acquisition of BWG Holdings I Corp. (Balboa Water Group) from AEA Investors LP; Sarasota, Fla. developer and manufacturer of hydraulic and electronic control solutions.

ONEDIGITAL: New debt financing; JPMorgan, Barclays, Goldman Sachs and Golub; help fund buyout by Onex Corp. from New Mountain Capital; Atlanta-based provider of employee benefits insurance brokerage and retirement consulting services.

SELECT REHABILITATION: New debt financing; Truist, BBVA and Fifth Third; fund acquisition of Kindred Healthcare LLC’s RehabCare business line; Glenview, Ill., provider of contract rehabilitation services.

VIRTUSA CORP.: $725 million senior secured credit facilities; BofA Securities, Barclays, Goldman Sachs, Deutsche Bank, HSBC and Nomura; $125 million revolver; $600 million term loan; help fund buyout by Baring Private Equity Asia; Southborough, Mass., provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets.

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