Bank Loan Calendar: $15.825 billion deals being marketed

November Bank Meetings

AGILITI: Lender call Nov. 16; $200 million add-on term loan due 2026 talked at Libor plus 300 bps, step-down to Libor plus 275 bps at 3.75x net first-lien leverage, 0.75% Libor floor, OID 98.5 to 99; JPMorgan; fund a tuck-in acquisition; Minneapolis-based provider of health care technology management and service solutions.

ANCESTRY: Lender call Nov. 13; new loan; 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.

INSPIRE BRANDS INC. (IRB HOLDING CORP.): Lender call Nov. 13; $2.575 billion seven-year senior secured first-lien term B (B2/B); Barclays, Capital One, Credit Suisse, Goldman Sachs, Golub, KeyBanc, Rabobank, Truist and Wells Fargo; help fund acquisition of Dunkin’ Brands Group Inc.; Atlanta-based multi-brand restaurant company.

MIRION TECHNOLOGIES INC.: Lender call Nov. 13; $210 million add-on covenant-lite first-lien term B due March 6, 2026 talked at Libor plus 400 bps, 0% Libor floor, OID 98.8; Morgan Stanley, Goldman Sachs and HSBC; fund the acquisition of Sun Nuclear; San Ramon, Calif., provider of radiation detection, measurement, analysis and monitoring solutions to the nuclear power, defense, medical and research end markets.

SYMPLR SOFTWARE INC.: Lender call Nov. 13; $930 million of term loans; Credit Suisse, Goldman Sachs, Antares, Ares, Deutsche Bank, Golub and Jefferies; $680 million seven-year covenant-lite first-lien term loan, 101 soft call for six months; $250 million privately placed second-lien term loan; help fund acquisition of TractManager from Arsenal Capital Partners; Houston-based healthcare governance, risk management and compliance software-as-a-service platform.

Upcoming Closings

AMENTUM HOLDINGS LLC: $980 million incremental first-lien term loan (B1/B) at Libor plus 475 bps, 0.75% Libor floor, OID 98, 101 soft call; JPMorgan, RBC, BMO, Citizens, Morgan Stanley and UBS; help fund acquisition of DynCorp International; Germantown, Md., technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment.

AMERICAN BATH GROUP LLC (CP ATLAS BUYER INC.): $1.2 billion seven-year first-lien term loan (including $300 million delayed-draw tranche) (B2/B) talked at Libor plus 450 bps to 475 bps, 0.75% Libor floor, OID 98, 101 soft call for six months; 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.

ARTERRA WINES CANADA INC.: C$710 million equivalent of U.S. and Canadian term loans (B1/B); Credit Suisse, BMO, RBC and Antares; C$660 million U.S. dollar equivalent seven-year covenant-lite first-lien term loan talked at Libor plus 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; C$50 million Canadian seven-year covenant-lite first-lien term loan talked 25 bps wider than the U.S. term loan, 0.75% floor, OID 99, 101 soft call for six months; refinance existing debt and fund a shareholder distribution; Mississauga, Ont., owner and distributor of wine.

CAMBREX: Expected close Dec. 7; roughly $250 million equivalent U.S. and euro incremental first-lien term loan (B2); RBC; roughly $225 million incremental term loan at Libor plus 450 bps, 1% Libor floor, OID 99.5; roughly €25 million equivalent incremental term loan at Euribor plus 475 bps, 0% floor, OID 99.5; repay second-lien term loan; also repricing existing first-lien term loan; East Rutherford, N.J., small molecule company providing drug substance, drug product and analytical services.

CENTERFIELD: $500 million of term loans (B2/B); BofA Securities and PNC; $400 million seven-year term B talked at Libor plus 450 bps, 0.75% Libor floor, OID 98, 101 soft call for six months; $100 million delayed-draw term loan talked at Libor plus 450 bps, 0.75% Libor floor, OID 98; refinance existing debt and general corporate purposes; Los Angeles-based provider of technology-driven, digital performance marketing solutions.

CHARTER NEX US INC.: $1.7 billion credit facilities (B); Jefferies, Goldman Sachs, Morgan Stanley and Nomura; $100 million five-year revolver; $1.6 billion seven-year first-lien term loan talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; help refinance existing debt and fund a distribution to shareholders; Milton, Wis., manufacturer of highly engineered specialty films, focused on the stable food and consumer end-markets.

CONTAINER STORE GROUP INC.: $200 million term B talked at Libor plus 500 bps, 1% Libor floor, OID 98, 101 soft call; JPMorgan; refinance existing term B; Coppell, Tex., retailer of organization and storage products.

FIRST BRANDS GROUP LLC: $220 million incremental first-lien term loan due Feb. 2, 2024 talked at Libor plus 750 bps, 1% Libor floor, OID 98.5 to 99; Jefferies; fund an acquisition; automotive aftermarket platform.

IMPRIVATA: $715 million seven-year first-lien term B talked at Libor plus 350 bps to 375 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs and Golub; refinance existing debt, finance an acquisition and fund a distribution to shareholders; Lexington, Mass., digital identity solutions provider in healthcare.

INTERNET BRANDS: $400 million incremental covenant-lite first-lien term loan due September 2024 at Libor plus 375 bps, 1% Libor floor, OID 99, 101 soft call through June 2021; Credit Suisse, KKR and RBC; fund tuck-in acquisitions and a shareholder distribution; El Segundo, Calif., online media and software services organization.

IVANTI SOFTWARE INC.: $1.98 billion senior secured credit facilities; Morgan Stanley, BofA Securities, UBS, BMO, Goldman Sachs and Antares; $175 million five-year revolver (B2/B-/BB-); $1.26 billion seven-year covenant-lite first-lien term B (B2/B-/BB-) talked at Libor plus 475 bps, 1% Libor floor, OID 98.5, 101 soft call for six months; $545 million privately placed second-lien term loan (Caa2/CCC+/CCC+); help fund the acquisitions of MobileIron Inc. and Pulse Secure LLC, and refinance existing debt; South Jordan, Utah, company that automates IT and security operations to discover, manage, secure and service from cloud to edge.

MATTRESS FIRM: $550 million seven-year senior secured term B (B1/B+) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 98, 101 soft call; JPMorgan; refinance existing debt; Houston-based mattress company.

MAVIS TIRE EXPRESS SERVICES CORP.: $470 million incremental first-lien term loan (B2/B-) due March 20, 2025 talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 98, 101 soft call for six months; Jefferies; fund an acquisition; Millwood, N.Y., tire and service retailer.

NATIONAL MENTOR: $200 million incremental first-lien term loan (B2/B) due March 2026 talked at Libor plus 425 bps, 25 bps step-down at 4x total net leverage, 0% Libor floor, OID 98.79 to 99; Goldman Sachs; fund acquisition pipeline and general corporate purposes; Boston-based provider of home- and community-based health and human services.

ONEDIGITAL: $1.43 billion credit facilities (B3/B); JPMorgan, Barclays, Goldman Sachs and Golub; $150 million five-year revolver; $1.08 billion seven-year first-lien term loan at Libor plus 450 bps, 0.75% Libor floor, OID 97.5, 101 soft call; $200 million delayed-draw first-lien term loan at Libor plus 450 bps, 0.75% Libor floor, OID 97.5; help fund buyout by Onex Corp. from New Mountain Capital; Atlanta-based provider of employee benefits insurance brokerage and retirement consulting services.

POTTERS INDUSTRIES LLC: $465 million credit facilities (B2/B); Credit Suisse, Barclays, Antares, KeyBanc and MUFG; $75 million revolver; $390 million seven-year covenant-lite first-lien term loan talked at Libor plus 450 bps to 475 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; help fund buyout by The Jordan Co. LP from PQ Group Holdings Inc.; glass microsphere supplier.

SMARTBEAR (AOA ACQUISITION HOLDING INC.): $565 million credit facilities; Credit Suisse, Antares, Golub and Neuberger Berman; $50 million revolver (B2/B-); $385 million seven-year covenant-lite first-lien term loan (B2/B-) talked at Libor plus 425 bps, 0.5% Libor floor, OID 98.5 to 99, 101 soft call for six months; $130 million privately placed second-lien term loan; help fund Vista Equity Partners’ investment in the company; Somerville, Mass., provider of software development and quality tools.

TACALA COS.: $85 million of incremental term loans; KKR and Wells Fargo; $65 million incremental first-lien term loan (B-) talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99; $20 million incremental second-lien term loan (CCC) talked at Libor plus 775 bps, 0.75% Libor floor, OID 99; dividend recapitalization; also repricing existing term loans to match incremental pricing; Vestavia Hills, Ala., franchise operator of Taco Bell restaurants.

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.

ALASKA COMMUNICATIONS SYSTEMS GROUP INC.: New debt financing; ING, Societe Generale, SMBC and MUFG; help fund buyout by Macquarie Capital and GCM Grosvenor; Anchorage, Alaska, provider of advanced broadband and managed IT services.

AMERICAN PUBLIC EDUCATION INC.: $195 million senior secured credit facilities; Macquarie; $20 million five-year revolver; $175 million six-year term B, 101 soft call; help fund acquisition of Rasmussen University; Charles Town, W.V., provider of higher learning.

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: $485 million of incremental bank debt; Capital One; $460 million incremental senior secured term loan (including $320 million delayed-draw); $25 million incremental revolver; help fund acquisition of AMAG Pharmaceuticals Inc.; Luxembourg-based specialty pharmaceutical company.

ENDURANCE INTERNATIONAL GROUP HOLDINGS INC.: New debt financing; JPMorgan, BofA Securities, Deutsche Bank and UBS; help fund buyout by Clearlake Capital Group LP; Burlington, Mass., provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online.

FORCEPOINT: New debt financing; Credit Suisse; help fund buyout by Francisco Partners from Raytheon Technologies; Austin, Texas, provider of cybersecurity solutions.

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.

GLOBAL CONNECT (NIELSENIQ): $1.95 billion credit facilities; BofA Securities, UBS, Barclays, Deutsche Bank, HSBC, RBC, MUFG and Wells Fargo; $350 million revolver; $1.6 billion of term loans; help fund buyout by Advent International and James Peck from Nielsen Holdings plc; Chicago-based provider of actionable information to consumer packaged goods manufacturers and retailers.

INTERNATIONAL-MATEX TANK TERMINALS: New debt financing; Jefferies; help fund buyout by Riverstone Holdings LLC from Macquarie Infrastructure Corp.; New Orleans-based handler and storer of bulk liquid products.

NUTRISYSTEM INC.: New credit facilities; Rabobank; revolver; term loan; help fund buyout by Kainos Capital from Tivity Health Inc.; direct-to-consumer nutrition and weight management brand.

PLANVIEW: New debt financing; UBS and Deutsche Bank; help fund buyout by TPG Capital and TA Associates from Thoma Bravo; Austin, Texas, provider of portfolio management and work management solutions.

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.

UTZ BRANDS INC.: New debt financing; BofA Securities and Goldman Sachs; help fund acquisition of Truco Enterprises from Insignia Capital Group; Hanover, Pa., manufacturer of branded salty snacks.

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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