Bank Loan Calendar: $38.3741 billion deals being marketed

February Bank Meetings

ADTALEM GLOBAL EDUCATION INC.: Lender call Feb. 4; $1.4 billion senior secured credit facilities (B1); Morgan Stanley, Barclays, Credit Suisse and MUFG; $400 million revolver; $1 billion first-lien term B; help fund acquisition of Walden University from Laureate Education Inc. and refinance Adtalem’s existing credit agreement; Chicago-based workforce solutions provider.

ENSEMBLE HEALTH: Lender call Feb. 4; incremental term loan; Goldman Sachs, Antares, Citigroup, Deutsche Bank, Guggenheim and Mizuho; Cincinnati-based provider of technology-enabled revenue cycle management services to hospitals and health systems.

LIFTOFF MOBILE INC.: Lender call Feb. 4; $350 million senior secured credit facilities; Morgan Stanley; $50 million revolver; $300 million first-lien term B; fund majority investment by Blackstone; Redwood City, Calif., performance-based mobile app marketing optimization platform.

PROAMPAC: Lender call Feb. 4; $380 million incremental first-lien term loan; Antares; fund acquisitions, repay non-extended term loan and term out revolver; Cincinnati-based supplier of flexible packaging products.

WAYSTAR: Lender call Feb. 4; $618 million first-lien term B talked at Libor plus 400 bps, 0% Libor floor, OID 99.75 to par, 101 soft call for six months; JPMorgan; repricing of existing incremental term loan; provider of health care payments software.

Upcoming Closings

ADVISOR GROUP HOLDINGS INC.: $1.485 billion first-lien term loan (B2/B-) due August 2026 at Libor plus 450 bps, 0% Libor floor, issue price par, 101 soft call for six months; UBS; repricing; Phoenix-based network of independent financial advisers.

APPLOVIN CORP.: $300 million add-on term loan talked at Libor plus 400 bps, 0% Libor floor, OID 99.75; JPMorgan, BofA Securities and KKR; acquisition funding and general corporate purposes; Palo Alto, Calif., mobile monetization platform that enables performance-based user acquisition campaigns for mobile game and other app developers.

APTEAN: $100 million incremental first-lien term loan talked at Libor plus 425 bps, 0% Libor floor, issue price par, 101 soft call through May; Golub; refinance a non-fungible first-lien term loan-2 and to put cash on balance sheet; Alpharetta, Ga., provider of mission-critical enterprise software solutions.

ASCEND PERFORMANCE MATERIALS: $1.086 billion term loan talked at Libor plus 500 bps, 0.75% Libor floor, issue price par, 101 soft call for six months; BofA Securities; repricing; Houston-based provider of chemicals, fibers and plastics.

CATALENT PHARMA SOLUTIONS INC.: $933 million term loan due May 2026 talked at Libor plus 200 bps to 225 bps, 0.5% Libor floor, issue price par, 101 soft call for six months; JPMorgan, Barclays, BofA Securities, RBC, Mizuho, Goldman Sachs and Wells Fargo; repricing; Somerset, N.J., provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products.

COTIVITI INC.: $550 million add-on first-lien term loan (B2/B+/BB-) talked at Libor plus 450 bps, 0% Libor floor, OID 99 to 99.5; JPMorgan; fund acquisition of HMS’ capabilities focused on the commercial, Medicare and federal markets; South Jordan, Utah, health care analytics company.

DENTALCORP HEALTH SERVICES ULC: $100 million of incremental term loans; Jefferies; $75 million incremental first-lien term loan due June 2025 talked at Libor plus 375 bps, 1% Libor floor, OID 99.03; $25 million incremental second-lien term loan due June 2026 talked at Libor plus 750 bps, 1% Libor floor, OID 99.5; fund cash to the balance sheet for acquisitions; dental support organization in Canada providing a full spectrum of dental services.

ENDURANCE INTERNATIONAL GROUP HOLDINGS INC.: $2.4 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; $1.935 billion seven-year first-lien term loan at Libor plus 350 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $465 million delayed-draw term loan at Libor plus 350 bps, 0.75% Libor floor, OID 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.

FLOOR & DECOR HOLDINGS INC.: $65 million incremental first-lien term loan talked at Libor plus 200 bps, 0% Libor floor; Golub; help refinance a non-fungible first-lien term loan; Atlanta-based specialty retailer in the hard surface flooring market.

FORM TECHNOLOGIES: $640 million first-out term loan due July 2025 talked at Libor plus 500 bps, 50 bps step-down at B-equivalent rating and 50 bps step-up upon a rating downgrade, 1% Libor floor, hard call 102, 101; JPMorgan; help refinance/extend existing debt; Charlotte, N.C., precision component manufacturer.

FOUNDATION BUILDING MATERIALS INC.: $1.31 billion seven-year covenant-lite first-lien term loan (including $480 million delayed-draw tranche) (B2/B) at Libor plus 325 bps, 25 bps step-down at B1/B+ ratings with stable outlooks, 0.5% Libor floor, OID 99.75, 101 soft call for six months; Credit Suisse, BofA Securities, Deutsche Bank and Truist; help fund already completed buyout by American Securities LLC and acquisition of Beacon’s interior construction products business; Santa Ana, Calif.-based distributor of specialty building products.

FRANCHISE GROUP INC.: $1 billion of term loans; JPMorgan, Citizens and Credit Suisse; $750 million first-out term loan talked at Libor plus 500 bps, 1% Libor floor, OID 98.5 to 99; $250 million last-out term loan that has been placed; help fund acquisition of Pet Supplies Plus and refinance an existing term loan; Virginia Beach, Va., operator of franchised and franchisable businesses.

GAINWELL TECHNOLOGIES: Lender call Feb. 3; $1.827 billion incremental first-lien term loan (B2//BB-) talked at Libor plus 400 bps to 425 bps, 0.75% Libor floor, OID 98.56; JPMorgan; help fund acquisition of HMS’ capabilities focused on the Medicaid market, including solutions delivered to states and managed care organizations; provider of solutions to the administration and operations of health and human services programs.

GANNETT HOLDINGS LLC: Expected closing Feb. 8 week; $1.045 billion five-year senior secured term B (B1/B) at Libor plus 700 bps, 0.75% Libor floor, OID 98, 101 soft call one year; Citigroup; refinance existing debt; McLean, Va., media and marketing solutions company.

HERBALIFE NUTRITION LTD.: $733.1 million senior secured first-lien term loan due August 2025 talked at Libor plus 250 bps, 0% Libor floor, issue price par, 101 soft call for six months; Jefferies; repricing; Los Angeles-based nutrition and weight management company.

IDERA INC.: $1.567 billion credit facilities; Jefferies; $100 million five-year revolver (B2/B-); $1.117 billion seven-year first-lien term loan (including $330 million incremental) (B2/B-) at Libor plus 375 bps, 0.75% Libor floor, OID 99.75 on new money, 101 soft call for six months; $350 million eight-year second-lien term loan (Caa2/CCC) at Libor plus 675 bps, 0.75% Libor floor, OID 99.25, hard call 102, 101; help fund buyout by Partners Group AG and reprice and extend existing first-lien term loan; Houston-based provider of database, application development and testing software.

ION ANALYTICS: $910 million seven-year first-lien covenant-lite term loan at Libor plus 400 bps, 25 bps step-down at 4.75x first-lien net leverage, 0.5% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse and UBS; also €780 million seven-year first-lien covenant-lite term loan talked at Euribor plus 400 bps, 25 bps step-down at 4.75x first-lien net leverage, 0% floor, OID 99 to 99.5, 101 soft call for six months; refinance existing debt; London-based provider of capital markets data, content and intelligence.

JADEX INC.: $510 million credit facilities (B2/B-); Credit Suisse; $60 million revolver; $450 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; refinance existing term loan and fund a shareholder distribution; Greer, S.C., advanced manufacturing and materials sciences company.

KINDRED AT HOME: $2.253 billion term loan talked at Libor plus 275 bps to 300 bps, 0% Libor floor, issue price par; JPMorgan; repricing; provider of home health and hospice services.

KINDRED HEALTHCARE LLC: $599 million term loan talked at Libor plus 450 bps, 0% Libor floor, issue price par, 101 soft call for six months; JPMorgan; repricing; Louisville, Ky., health care services company.

KLOECKNER PENTAPLAST: $725 million term loan at Libor plus 475 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan, Credit Suisse, Deutsche Bank, Goldman Sachs, BofA Securities, Wells Fargo and Rabobank; also €600 million term loan talked at Euribor plus 475 bps, 0% floor, OID 98.5 to 99, 101 soft call for six months; refinance existing capital structure; Montabaur, Germany, manufacturer of rigid plastic film solutions.

LOGMEIN: $500 million incremental senior secured first-lien term B (B2) due Aug. 31, 2027 at Libor plus 475 bps, 0% Libor floor, OID 99.25, 101 soft call through August; Barclays, RBC, Deutsche Bank, Jefferies and Mizuho; repay second-lien term loan; Boston-based provider of cloud-based connectivity.

LUMMUS TECHNOLOGY (ILLUMINATE BUYER LLC): $1.047 billion covenant-lite first-lien term loan (B1/B+) due June 2027 talked at Libor plus 350 bps, 0% Libor floor, issue price par, 101 soft call for six months; Credit Suisse; repricing; developer and licensor of mission essential technologies for the refining and petrochemical industries and a supplier of catalysts and proprietary equipment.

MULTI-COLOR CORP.: $632 million covenant-lite term B (B) due July 2026 talked at Libor plus 400 bps, 0% Libor floor, issue price par, 101 soft call for six months; BofA Securities (left on U.S.) and Deutsche Bank (left on euro); also €500 million covenant-lite term B (B) due July 2026 talked at Euribor plus 425 bps to 450 bps, 0% floor, issue price par, 101 soft call for six months; repricing; Batavia, Ohio, label maker.

NAVITAS MIDSTREAM MIDLAND BASIN LLC: $300 million incremental senior secured term B (B3/B/B+) due Dec. 13, 2024 at Libor plus 450 bps, 1% Libor floor, OID 99.28; Jefferies, Barclays, Credit Suisse and PNC; repay term C, finance construction of cryogenic natural gas processing plant and retire a portion of series D equity units; The Woodlands, Tex., natural gas gathering and processing company.

NIELSENIQ: $1.95 billion equivalent credit facilities (B1/B/BB); BofA Securities (left on U.S.), UBS (left on euro), Barclays, Deutsche Bank, HSBC, RBC, MUFG, Wells Fargo, Fifth Third, BMO, BNP Paribas, Capital One, Mizuho, SMBC and TD Securities; $350 million revolver; $950 million term loan talked at Libor plus 450 bps to 475 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; $650 million equivalent euro term loan talked at Euribor plus 450 bps to 475 bps, 0% floor, OID 99, 101 soft call for six months; 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.

ONTIC (BLERIOT US BIDCO INC.): $551 million covenant-lite first-lien term loan due October 2026 talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99.75 to par, 101 soft call for six months; Nomura; repricing; provider of OEM-licensed parts and aftermarket services for mature aerospace and defense platforms.

PAREXEL INTERNATIONAL CORP.: $475 million add-on term loan at Libor plus 275 bps, 0% Libor floor, OID 99.25; BofA Securities; refinance existing notes; Durham, N.C., biopharmaceutical services company.

PRETIUM PACKAGING (PRETIUM PKG HOLDINGS INC.): $125 million incremental covenant-lite first-lien term loan (B3/B) due Nov. 5, 2027 at Libor plus 400 bps, 0.75% Libor floor, OID 99.75, 101 soft call through May 5; Credit Suisse and KKR; repay some second-lien term loan borrowings; Chesterfield, Mo., designer and manufacturer of rigid plastic packaging solutions for specialized applications.

QLIK TECHNOLOGIES INC. (PROJECT ALPHA INTERMEDIATE HOLDING INC.): $1.418 billion covenant-lite term B due April 26, 2024 talked at Libor plus 375 bps to 400 bps, 0% Libor floor, issue price par, 101 soft call for six months; Morgan Stanley; combine and reprice term B-1 and term B-2; King of Prussia, Pa., data analytics company.

RACKSPACE TECHNOLOGY GLOBAL INC.: Expected closing Feb. 9; $2.3 billion seven-year senior secured covenant-lite first-lien term loan (B1/B+) at Libor plus 275 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Citigroup, Barclays, BMO, MUFG, JPMorgan, Goldman Sachs, Mizuho, RBC, Credit Suisse, Deutsche Bank, HSBC and Apollo; help repay existing term loan; Windcrest, Tex., end-to-end multicloud technology services company.

RENT-A-CENTER INC.: $875 million term B (Ba3/BB-) talked at Libor plus 450 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; JPMorgan, Credit Suisse and HSBC; help fund acquisition of Acima Holdings LLC; Plano, Tex., omni-channel lease-to-own provider for the credit constrained customer.

RESIDEO TECHNOLOGIES INC.: $1.3 billion credit facilities (Ba2); JPMorgan; $500 million five-year revolver; $800 million seven-year term B talked at Libor plus 250 bps to 275 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; Austin, Tex., provider of home comfort and security solutions.

SPRINGER NATURE: $868 million term loan due August 2026 talked at Libor plus 325 bps, 0.75% Libor floor, OID 99.875, 101 soft call for six months; JPMorgan; also €2.154 billion term loan due August 2026 talked at Euribor plus 300 bps, 0.5% floor, OID 99.875, 101 soft call for six months; amendment and extension; Germany-based scientific publishing company.

THRYV INC.: $700 million five-year term B (B3/B) talked at Libor plus 850 bps, 1% Libor floor, OID 98, 101 soft call one year; Wells Fargo; refinance existing debt and fund the acquisition of Sensis Holding Ltd.; Dallas-based provider of print and digital marketing solutions and Software as a Service end-to-end customer experience tools.

TIME MANUFACTURING CO.: $135 million incremental term loan due February 2023 talked at Libor plus 500 bps, 1% Libor floor, OID 98.8; BNP Paribas; fund acquisition of Ruthmann; Waco, Tex., manufacturer of vehicle-mounted aerial lifts, digger derricks, bucket trucks and bridge inspection equipment.

TRC COS. INC.: $215 million first-lien term loan talked at Libor plus 425 bps to 450 bps, 0.75% Libor floor, issue price par, 101 soft call for six months; UBS, Barclays, Citizens and Macquarie; repricing; Lowell, Mass., engineering, environmental consulting and construction management firm.

TRICORBRAUN HOLDINGS INC.: $1.447 billion credit facilities; Credit Suisse, Antares, Nomura and UBS; $140 million ABL revolver; $1.307 billion seven-year covenant-lite first-lien term loan (including $240 million delayed-draw) (B2/B-) at Libor plus 325 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Ares Management Corp. and Ontario Teachers’ Pension Plan Board from AEA Investors; St. Louis-based provider of packaging products.

WHEEL PROS INC.: $200 million incremental first-lien term loan (B3/B-) due November 2027 talked at Libor plus 525 bps, 1% Libor floor, OID 99 to 99.5; UBS and Jefferies; repay a second-lien term loan; Denver-based distributor of proprietary branded wheels and performance tires.

ZIPLY FIBER: $500 million first-lien term B (Ba3/B+) due April 2027 talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Goldman Sachs and BofA Securities; help refinance and reprice an existing first-lien term B; Everett, Wash., provider of communications services over a combined fiber and copper-based network.

On The Horizon

ALASKA COMMUNICATIONS SYSTEMS GROUP INC.: $235 million senior secured credit facilities; Fifth Third; $35 million revolver; $200 million of term loans; help fund acquisition by a newly formed entity owned by ATN International Inc. and Freedom 3 Capital LLC; Anchorage 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.

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.

GRAY TELEVISION INC.: $925 million incremental term loan; Wells Fargo; fund acquisition of Quincy Media Inc.; Atlanta-based television broadcast company.

HILLMAN SOLUTIONS CORP.: $835 million first-lien term loan; help fund acquisition by Landcadia Holdings III Inc.; Cincinnati-based distributor of hardware and home improvement products, personal protective equipment and robotic kiosk technologies.

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.

INTERIOR LOGIC GROUP HOLDINGS LLC: New debt financing; Citigroup and Goldman Sachs; help fund buyout by Blackstone from Littlejohn & Co. LLC, Platinum Equity and other equity holders; Irvine, Calif., provider of interior design, supply chain and installation management solutions to single-family homebuilders.

JAZZ PHARMACEUTICALS PLC: New debt financing; BofA Securities and JPMorgan; help fund acquisition of GW Pharmaceuticals plc; Dublin, Ireland, biopharmaceutical company.

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.

NCR CORP.: $1.7 billion incremental term loan; BofA Securities; help fund acquisition of Cardtronics plc; Atlanta-based enterprise technology provider for the financial, retail and hospitality industries.

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.

REALPAGE INC.: $4 billion senior secured credit facilities; Goldman Sachs, Credit Suisse, UBS, Apollo, BMO, Barclays, Deutsche Bank, Jefferies, KKR, Nomura, RBC, Truist, Wells Fargo and SPC; $250 million revolver; $2.75 billion first-lien term loan; $1 billion second-lien term loan; help fund buyout by Thoma Bravo; Richardson, Tex., provider of software and data analytics to the real estate industry.

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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