Bank Loan Calendar: $39.6206 billion deals being marketed

January Bank Meetings

PRECISELY (SYNCSORT): Lender call Jan. 21; $1.304 billion first-lien term loan due August 2024; Jefferies; repricing; Pearl River, N.Y., provider of data integrity software and data enrichment products.

WHOLE EARTH BRANDS INC.: Lender call Jan. 21; $450 million credit facilities; TD Securities; $75 million revolver; $375 million term B; help fund acquisition of Wholesome Sweeteners Inc. and refinance existing bank debt; Chicago-based food company focused on premium plant-based sweeteners, flavor enhancers and other foods.

Upcoming Closings

ADT INC. (PRIME SECURITY SERVICES BORROWER LLC): $2.779 billion first-lien term B due Sept. 23, 2026 talked at Libor plus 275 bps, 0.75% Libor floor, issue price par, 101 soft call for six months; Barclays, Citigroup, Deutsche Bank, Mizuho and RBC; refinance/reprice an existing first-lien term B; Boca Raton, Fla., provider of monitored security and interactive home and business automation solutions.

ALIXPARTNERS LLP: $1.775 billion seven-year term B (B2/B+) talked at Libor plus 275 bps to 300 bps, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; BofA Securities and Goldman Sachs; also €344 million seven-year term B (B2/B+) talked at Euribor plus 350 bps to 375 bps, 0% floor, OID 99 to 99.5, 101 soft call for six months; refinance existing U.S. and euro term loans; New York-based performance improvement, corporate turnaround and financial advisory services firm.

CALPINE CORP.: $936 million senior secured term B-9 (Ba2/BB+) due April 2026 talked at Libor plus 200 bps, 0% Libor floor, issue price par, 101 soft call for six months; Credit Suisse; repricing; Houston-based provider of power generation services.

CAMBREX CORP.: $928.5 million first-lien term loan talked at Libor plus 350 bps, 0.75% Libor floor, issue price par, 101 soft call for six months; RBC; repricing; East Rutherford, N.J., small molecule company providing drug substance, drug product and analytical services.

CAREISMATIC BRANDS: $815 million credit facilities; UBS, Credit Suisse, Barclays, RBC, Macquarie and BMO; $100 million five-year revolver (B1/B); $575 million seven-year covenant-lite first-lien term loan (B1/B) talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $140 million eight-year covenant-lite second-lien term loan (Caa1/CCC+) talked at Libor plus 750 bps to 775 bps, 0.75% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by Partners Group from New Mountain Capital; Chatsworth, Calif., designer, marketer and distributor of medical apparel, corporate identity apparel, school uniforms and adaptive clothing.

DUN & BRADSTREET HOLDINGS INC.: $2.811 billion term B talked at Libor plus 325 bps, 0% Libor floor; issue price par, 101 soft call for six months; BofA Securities; repricing; Short Hills, N.J., provider of business decisioning data and analytics.

ENDURANCE INTERNATIONAL GROUP HOLDINGS INC.: $2.295 billion senior secured term loans (B2/B); JPMorgan, BofA Securities, Deutsche Bank, UBS, BNP Paribas, Mizuho, Barclays, CPPIB, CBAM, RBC, Golub, Ares, Credit Suisse, Antares and Jefferies; $1.83 billion seven-year first-lien term loan talked at Libor plus 400 bps, 0.75% Libor floor, OID 99 to 99.5, 101 soft call for six months; $465 million delayed-draw term loan talked at Libor plus 400 bps, 0.75% Libor floor, OID 99 to 99.5; help fund buyout by Clearlake Capital Group LP and merger with Web.com; Burlington, Mass., provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online.

ERT (ERESEARCHTECHNOLOGY INC.): $950 million of senior secured term loans; Goldman Sachs and Jefferies; $750 million incremental first-lien term loan (of which $250 million has been pre-placed) (B2/B-) due Feb. 4, 2027 at Libor plus 450 bps, 1% Libor floor, par issue price; $50 million pre-placed first-lien delayed-draw term loan; $150 million pre-placed incremental second-lien term loan; fund acquisition of Bioclinica; Philadelphia-based provider of software-enabled clinical research solutions to pharmaceutical companies and contract research organizations.

FIRST ADVANTAGE: $100 million add-on term loan (B2) talked at Libor plus 350 bps, 0% Libor floor, OID 99; BofA Securities; repay a second-lien term loan; Atlanta-based provider of comprehensive background screening, identity and information solutions.

FOCUS FINANCIAL PARTNERS INC.: Expected closing Jan. 25 week; $500 million add-on first-lien term loan due July 2024 at Libor plus 200 bps, 0% Libor floor, OID 99.875, 101 soft call for six months; RBC, Stone Point, KKR, BMO, Truist, Capital One, Fifth Third, Goldman Sachs, MUFG, Regions Bank, BofA Securities, Bank United and Citizens; repay revolver borrowings and add cash to the balance sheet; New York-based partnership of independent, fiduciary wealth management firms.

FORCEPOINT: $600 million credit facilities (B3/B-/B+); Credit Suisse, UBS, Deutsche and Nomura; $75 million revolver; $525 million seven-year covenant-lite first-lien term loan talked at Libor plus 475 bps to 500 bps, 0.5% Libor floor, OID 98.5, 101 soft call for six months; help fund already completed buyout by Francisco Partners from Raytheon Technologies; Austin, Texas, provider of cybersecurity solutions.

GANNETT HOLDINGS LLC: Expected closing early February; $1.045 billion five-year senior secured term B (B1/B) talked at Libor plus 700 bps, 0.75% Libor floor, OID 97 to 98, 101 soft call one year; Citigroup; refinance existing debt; McLean, Va., media and marketing solutions company.

GRAB HOLDINGS INC.: $1.75 billion five-year term loan B (B3/B-) at Libor plus 450 bps, 1% Libor floor, OID 97, non-call two, 101, carve-out in year one of 103 for IPO; JPMorgan, Barclays, Deutsche Bank, HSBC, Mizuho, MUFG and Standard Chartered; general corporate purposes; Singapore-based ride hailing company and a provider of food delivery, digital payments and other financial services via a mobile app.

HIGHLINE AFTERMARKET ACQUISITION LLC: $95 million add-on term loan talked at Libor plus 450 bps, 0.75% Libor floor, OID 99.75 to par; JPMorgan; repay revolver borrowings; Memphis, Tenn., distributor of automotive aftermarket products.

HOWDEN: $889 million term B talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99.875 to par, 101 soft call for six months; JPMorgan; repricing; Glasgow, Scotland, provider of mission critical air and gas handling products and services to the industrial, power, oil & gas and mining industries.

HOWDEN GROUP HOLDINGS LTD. (HYPERION): $1.265 billion covenant-lite first-lien term B due Nov. 12, 2027 talked at Libor plus 325 bps, 0.75% Libor floor, OID 99.75, 101 soft call for six months; Morgan Stanley, JPMorgan, RBC, Barclays, HSBC and Lloyds; reprice and extend an existing term B; London-based insurance intermediary group.

INEOS QUATTRO: $2 billion five-year first-lien term B (Ba3/BB/BB+) at Libor plus 275 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; Barclays, BNP Paribas, Citigroup, Goldman Sachs, HSBC, BofA Securities, Commerzbank, Credit Suisse, Lloyds, Mizuho, Morgan Stanley, NatWest, ABN Amro, Credit Agricole, Deutsche Bank, ING, Intesa, Santander, Fifth Third, ICBC, KBC and MUFG; also €1.5 billion five-year first-lien term B (Ba2/BB/BB+) at Euribor plus 275 bps, 0% floor, OID 99.5, 101 soft call for six months; help repay bridge loans incurred to fund the acquisition of BP’s Aromatics and Acetyls businesses, refinance the existing Inovyn term B, refinance a euro term A and fund the full amount of deferred consideration owed to BP; chemicals company.

INMARSAT PLC: $1.737 billion first-lien term B due Dec. 12, 2026 talked at Libor plus 350 bps to 375 bps, 1% Libor floor, issue price par, 101 soft call for six months; Barclays; repricing; London-based satellite telecommunications company.

INNOVATIVE XCESSORIES & SERVICES LLC (IX HOLDING INC.): $600.1 million first-lien term loan due March 2027 talked at Libor plus 450 bps, 0.75% Libor floor, issue price par, 101 soft call for six months; UBS; repricing; Windsor, Ont., provider of coating solutions and vehicle upfit services to the automotive aftermarket and diversified industrial end markets.

JANE STREET GROUP LLC: $1.873 billion seven-year term B (including $300 million add-on) (BB-) talked at Libor plus 275 bps, 0% Libor floor, OID 99.75 on add-on, 101 soft call for six months; JPMorgan; general corporate purposes, and repricing and extension; New York-based quantitative trading firm.

KESTRA FINANCIAL INC.: $50 million add-on first-lien term loan due June 2026 talked at Libor plus 425 bps, 0% Libor floor, OID 99.5 to par; UBS; general corporate purposes; Austin, Texas, provider of an advisor platform to financial professionals.

LIFE TIME INC.: Expected closing Jan. 22; $850 million covenant-lite term B (B3/B-) due December 2024 at Libor plus 475 bps, 1% Libor floor, OID 99, 101 hard call for one year, then 101 soft call for six months; Deutsche Bank, Goldman Sachs, KKR, Jefferies, BofA Securities, JPMorgan, Morgan Stanley, U.S. Bank, Wells Fargo, Mizuho, BMO, RBC, Macquarie and Nomura; amend and extend an existing term B; Chanhassen, Minn., operator of athletic resorts.

MURPHY USA INC.: $750 million credit facilities (Baa3/BBB-); RBC; $350 million five-year revolver; $400 million seven-year term B at Libor plus 175 bps, 0.5% Libor floor, OID 99.75, 101 soft call for six months; help fund acquisition of QuickChek Corp.; El Dorado, Ark., retailer of gasoline and convenience merchandise.

NTHRIVE TSG (MEDASSETS SOFTWARE INTERMEDIATE HOLDINGS INC.): $620 million of term loans; Deutsche Bank, UBS, BMO, Jefferies, Antares, BNP Paribas and Golub; $500 million seven-year covenant-lite first-lien term B (B2/B-/BB-) at Libor plus 375 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $120 million privately placed second-lien term loan; help fund buyout by Clearlake Capital Group LP from nThrive Holdings LP and add cash to the balance sheet; provider of healthcare revenue cycle management software-as-a-service solutions.

PRIMESOURCE (PARK RIVER HOLDINGS INC.): Expected closing Jan. 22; $1.095 billion seven-year covenant-lite first-lien term B (B2/B/B+) at Libor plus 325 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Deutsche Bank, Credit Suisse, RBC, Wells Fargo, Nomura, Golub and Antares; back the buyout of PriSo Holding Corp. (PrimeSource) by Clearlake Capital Group LP from Platinum Equity and merger with TKE Holdings Inc. (Dimora Brands); Irving, Texas, provider of construction fastening solutions and other complementary specialty building products.

PROTECTIVE INDUSTRIAL PRODUCTS INC.: $670 million senior secured credit facilities; Antares, Citizens and Bank of Ireland; $75 million five-year revolver (B2/B-) at Libor plus 400 bps, 0.75% Libor floor; $435 million seven-year covenant-lite first-lien term loan (B2/B-) at Libor plus 400 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $160 million privately placed second-lien term loan at Libor plus 825 bps, 1% Libor floor, hard call 102, 101; help fund buyout by Odyssey Investment Partners from Audax Private Equity; Latham, N.Y., provider of personal protective equipment and industrial safety products.

RESOLUTE INVESTMENT MANAGERS: $40 million add-on first-lien term loan talked at Libor plus 375 bps, 1% Libor floor, OID 99.75; RBC; help fund a shareholder distribution; Irving, Texas, diversified asset management platform.

RV RETAILER: $420 million term B (B2/B+) talked at Libor plus 425 bps to 450 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs; recapitalize balance sheet and fund near-term dealership acquisitions; recreational vehicle retail company.

SYSTEM ONE HOLDINGS LLC: $325 million credit facilities (B2/B-); Truist; $45 million revolver; $280 million seven-year covenant-lite term B talked at Libor plus 475 bps, 0.75% Libor floor, OID 98.5, 101 soft call for six months; help fund buyout by Oaktree Capital Management LP; Pittsburgh-based provider of specialized workforce solutions and integrated services.

TRUCK HERO INC.: $1.75 billion credit facilities; Jefferies, BofA Securities, Credit Suisse, KKR and Stifel; $200 million five-year ABL revolver; $1.55 billion seven-year senior secured first-lien term loan (B2/B-) at Libor plus 375 bps, two 25 bps leverage-based step-downs and one 25 bps IPO-based step-down, 0.75% Libor floor, issue price par, 101 soft call for six months; help fund buyout by L Catterton; Ann Arbor, Mich., provider of aftermarket accessories for pickup trucks and Jeep vehicles.

UFC HOLDINGS LLC: $2.453 billion first-lien term B (B) due April 2026 talked at Libor plus 300 bps, 0.75% Libor floor, issue price par, 101 soft call for six months; Goldman Sachs and KK; merge term B and term B-2 into one tranche and repricing; Las Vegas-based mixed martial arts organization and pay-per-view event provider.

VESTCOM PARENT HOLDINGS INC.: $100 million incremental first-lien term loan talked at Libor plus 400 bps, 1% Libor floor, OID 99.55, 101 soft call for six months; Antares; fund a distribution to shareholders; Little Rock, Ark., provider of outsourced technology and services that support price communication, merchandising and promotion execution at the shelf edge.

WESTINGHOUSE (BROOKFIELD WEC HOLDINGS INC.): $3 billion first-lien term loan (B2/B/B+) due August 2025 talked at Libor plus 275 bps, 25 bps step-down at B1/B+ corporate ratings with stable outlooks, 0.5% Libor floor, issue price par, 101 soft call for six months; Credit Suisse; repricing; Pittsburgh-based provider of infrastructure services to a nuclear reactor fleet.

On The Horizon

ADAPTHEALTH CORP.: $486.7 million in new senior secured term loans; Jefferies; help fund acquisition of AeroCare Holdings Inc.; Plymouth Meeting, Pa., provider of home healthcare equipment, medical supplies to the home and related services.

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; Fifth Third; help fund acquisition by a newly formed entity owned by ATN International Inc. and Freedom 3 Capital LLC; Anchorage, Alaska, provider of advanced broadband and managed IT services.

ALLIED UNIVERSAL: $950 million seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps; Credit Suisse, Morgan Stanley, Deutsche Bank, BNP Paribas, HSBC, Mizuho, Societe Generale, ING, MUFG and Truist; also €715,447,155 seven-year covenant-lite first-lien term loan expected at Euribor plus 475 bps; €300 million five-year revolver expected at Libor plus 425 bps; help fund acquisition of G4S plc; Santa Ana, Calif., provider of security 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.

CARDTRONICS PLC: $1.5 billion senior secured credit facilities; RBC, Barclays, Deutsche Bank and Mizuho; $300 million five-year revolver; $1.2 billion seven-year covenant-lite term loan, 0% Libor floor, 101 soft call for six months; help fund buyout by Apollo Global Management Inc. and Hudson Executive Capital LP; Houston-based ATM owner/operator.

CAREMAX INC.: New senior secured credit facilities; RBC; help fund formation through acquisitions of CareMax Medical Group LLC and IMC Medical Group Holdings LLC by Deerfield Healthcare Technology Acquisitions Corp.; technology-enabled care platform providing care and chronic disease management to seniors.

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.

FOUNDATION BUILDING MATERIALS INC.: New credit facilities; Credit Suisse and BofA Securities; ABL facility; first-lien term loan; help fund buyout by American Securities LLC; Santa Ana, Calif.-based distributor of specialty building products.

GLOBAL CONNECT (NIELSENIQ): $1.95 billion equivalent credit facilities; BofA Securities, UBS, Barclays, Deutsche Bank, HSBC, RBC, MUFG and Wells Fargo; $350 million revolver; $950 million term loan; $650 million equivalent euro term loan; 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.

INGRAM MICRO INC.: New debt financing; JPMorgan, BofA Securities and Morgan Stanley; help fund buyout by Platinum Equity from HNA Technology Co. Ltd.; Irvine, Calif., provider of technology logistics services and solutions.

LUMENTUM HOLDINGS INC.: $2.1 billion seven-year covenant-lite term B expected at Libor plus 275 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; Deutsche Bank; help fund acquisition of Coherent Inc.; San Jose, Calif., designer and manufacturer of optical and photonic products.

PROSIGHT GLOBAL INC.: New debt financing; Truist; help fund buyout by TowerBrook Capital Partners LP and Further Global Capital Management; Morristown, N.J., specialty insurance company.

RENT-A-CENTER INC.: New credit facilities; JPMorgan, Credit Suisse and HSBC; asset-based loan; term B; help fund acquisition of Acima Holdings LLC; Plano, Tex., omni-channel lease-to-own provider for the credit constrained customer.

TRICORBRAUN: New debt financing; help fund buyout by Ares Management Corp. and Ontario Teachers’ Pension Plan Board from AEA Investors; St. Louis-based provider of packaging products.

TRINSEO SA: $400 million senior secured credit facility; Deutsche Bank and HSBC; help fund acquisition of Arkema SA’s polymethyl methacrylates and activated methyl methacrylates businesses (PMMA); Berwyn, Pa. materials company and manufacturer of plastics, latex binders and synthetic rubber.

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