Bank Loan Calendar: $43.581 billion deals being marketed

March Bank Meetings

AMERICAN PUBLIC EDUCATION INC.: Lender call March 12; $195 million senior secured credit facilities (B1); Macquarie and Truist; $20 million five-year revolver; $175 million six-year term B; help fund acquisition of Rasmussen University; Charles Town, W.Va., provider of higher learning.

FIRST BRANDS GROUP LLC: Bank meeting March 12; $1.965 billion of term loans; Jefferies; $1.425 billion six-year senior secured first-lien term loan, 1% Libor floor, 101 call protection for one year; $540 million seven-year second-lien term loan, 1% Libor floor, hard call 103, 101; refinance existing debt; automotive aftermarket platform.

WILSONART LLC: Lender call March 12; $1.241 billion covenant-lite term E due December 2026, 101 soft call for six months; Deutsche Bank, Citigroup, Credit Suisse, Morgan Stanley, UBS, Goldman Sachs, Barclays and SMBC; amend and extend an existing term D; Temple, Tex., engineered surfaces company.

Upcoming Closings

AADVANTAGE LOYALTY IP LTD. (AMERICAN AIRLINES INC.): $3.5 billion seven-year senior secured term B (Ba2//BB) at Libor plus 475 bps, 0.75% Libor floor, OID 99, non-call three, 104, 102; Barclays, Goldman Sachs, Citigroup, BofA Securities, Credit Suisse, Deutsche Bank, ICBC, JPMorgan, Morgan Stanley, SMBC, BNP Paribas, Credit Agricole, HSBC, MUFG, Standard Chartered, US Bancorp and BOK; help fund reserve account and make an intercompany loan to American Airlines; customer loyalty program.

ADTHRIVE (CMI MARKETING INC.): $445 million senior secured credit facilities; Morgan Stanley, Credit Suisse, Societe Generale and KKR; $60 million five-year revolver; $385 million seven-year term B talked at Libor plus 400 bps to 425 bps, 0.75% Libor floor, OID 99 to 99.5, 101 soft call for six months; refinance existing debt and pay a dividend to the shareholders; ad management firm.

AHLSTROM-MUNKSJO: €450 million equivalent U.S. dollar seven-year first-lien term B (B2/B) talked at Libor plus 400 bps to 425 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs, Nordea, BNP Paribas, Morgan Stanley, Danske Bank, DNB Bank, ING, OP Corporate Bank and Skandinaviska Enskilda Banken; also €550 million seven-year first-lien term B (B2/B) talked at Euribor plus 400 bps to 425 bps, 0% floor, OID 99.5, 101 soft call for six months; help fund buyout by Bain Capital, Viknum and Belgrano Inversiones; Finland-based provider of fiber-based materials.

AMERICAN MEDICAL TECHNOLOGIES: $320 million credit facilities (B1/B-); Truist and Regions Bank; $40 million revolver; $280 million six-year covenant-lite term B talked at Libor plus 550 bps to 575 bps, 0.75% Libor floor, OID 98, 101 soft call for six months; fund acquisition of RestorixHealth; Irvine, Calif., provider of wound care, ostomy, urology and tracheostomy supplies and services.

ANKURA CONSULTING GROUP LLC: $615 million of term loans; Deutsche Bank (left on first-lien), Jefferies (left on second-lien), MUFG and Truist; $465 million seven-year covenant-lite first-lien term loan (B2/B-) at Libor plus 450 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $150 million eight-year covenant-lite second-lien term loan (Caa2/CCC) at Libor plus 800 bps, 0.75% Libor floor, OID 98.5, call protection 102, 101 (but 101 in year one with repayment from change of control or IPO); refinance existing debt; specialty consulting platform.

AVAST SOFTWARE: $837 million equivalent U.S. and euro seven-year term B (Ba1); Credit Suisse and Morgan Stanley; minimum $350 million term loan talked at Libor plus 225 bps, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; minimum €300 million term loan talked at Euribor plus 225 bps, 0% floor, OID 99.5 to 99.75, 101 soft call for six months; refinance existing debt; Prague-based cybersecurity provider.

CAMBIUM LEARNING GROUP: $350 million add-on first-lien term loan (B3) talked at Libor plus 450 bps, 0.75% Libor floor, OID 99.75, 101 soft call through Sept. 21; RBC; refinance existing second-lien term loans; Dallas-based end-to-end provider of K-12 instructional and assessment solutions.

CHURCHILL DOWNS INC.: Expected closing March 17; $300 million term B-1 (Ba1/BBB-) at Libor plus 200 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan, Fifth Third, PNC, U.S. Bank and Wells Fargo; repay revolver borrowings and add cash to the balance sheet; Louisville, Ky., racing, online wagering and gaming entertainment company.

CONSTANT CONTACT INC.: $850 million seven-year covenant-lite first-lien term loan (including $180 million delayed-draw) (B2/B/BB-) at Libor plus 400 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Deutsche Bank, Credit Suisse, BofA Securities, Barclays, Jefferies, UBS, BNP Paribas, CPPIB, KKR, Antares and CBAM; fund Clearlake Capital Group LP’s and Siris Capital Group LLC’s spin out of the company from Endurance International Group Holdings Inc.; Waltham, Mass.-based digital marketing company.

CONVERGINT (DG INVESTMENT INTERMEDIATE HOLDINGS 2 INC.): $1.565 billion of credit facilities; Credit Suisse; $150 million revolver (B); $1.11 billion seven-year covenant-lite first-lien term loan (including $180 million delayed-draw) (B) talked at Libor plus 375 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $305 million eight-year covenant-lite second-lien term loan (CCC) talked at Libor plus 675 bps, 0.75% Libor floor, OID 99.5, call protection 102, 101; refinance existing debt and fund a distribution; Schaumberg, Ill., service-based security systems integrator.

COWEN INC.: $300 million seven-year covenant-lite first-lien term B (B1/BB-) talked at Libor plus 325 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; Morgan Stanley; refinance existing debt; New York-based investment bank and financial services company.

CROSS INSURANCE: $450 million first-lien term B (including $100 million add-on) (B2) talked at Libor plus 400 bps to 425 bps, 0.75% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan; repricing, fund a share repurchase, general corporate purposes and acquisition financing; insurance broker.

DENALI WATER SOLUTIONS LLC: $455 million credit facilities (B3/B-); UBS, BMO and KeyBanc; $60 million revolver; $395 million 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; fund acquisition of Organix Recycling LLC and refinance existing credit facility; Russellville, Ark., specialty waste and environmental services company.

EG GROUP: $510 million first-lien term B (B3/B-/B) due March 2026 at Libor plus 425 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; Barclays, JPMorgan, Rabobank, BofA Securities, Deutsche Bank, ING, Lloyds, Morgan Stanley and SMBC on term B; also €610 million second-lien term loan (Caa2/CCC/CCC) due April 2027 at Euribor plus 700 bps, 0% floor, OID 99, call protection 102, 101; Barclays, BofA Securities, Deutsche Bank, HSBC, Lloyds, Morgan Stanley and Rabobank on second-lien; fund acquisition of Asda Group Ltd.’s forecourts and OMV Deutschland GmbH’s forecourts, general corporate purposes, and refinance existing second-lien term loan; Blackburn, U.K., convenience retail and fuel station company.

EMPIRE TODAY: $410 million first-lien term loan (B2/B) talked at Libor plus 475 bps to 500 bps, 0.75% Libor floor, OID 98.5 to 99, 101 soft call for six months; KKR; refinance existing debt and fund a dividend; provider of installed home improvements and home furnishings.

ENDO INTERNATIONAL PLC: $2 billion seven-year senior secured term B (B2/B+) at Libor plus 500 bps, 0.75% Libor floor, OID 99, 101 soft call for one year; JPMorgan, RBC, Goldman Sachs, BofA Securities and Barclays; help refinance an existing term loan; Dublin, Ireland, specialty pharmaceutical company.

EVOQUA WATER TECHNOLOGIES: $560 million seven-year term loan (B1/B+) talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; repricing and extension of existing term loan; Pittsburgh-based provider of mission critical water treatment solutions.

EYESOUTH PARTNERS (SCP EYE CARE SERVICES LLC): $455 million credit facilities (B3/B-); Jefferies; $15 million five-year revolver; $375 million seven-year senior secured first-lien term loan talked at Libor plus 450 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $65 million delayed-draw first-lien term loan talked at Libor plus 450 bps, 0.75% Libor floor, OID 99.5; refinance existing debt and finance near-term acquisitions; Atlanta-based provider of practice management services to a network of ophthalmology practices.

FLOW CONTROL GROUP (FLOW MERGER SUB INC.): $735 million of term loans; Credit Suisse (left on first-lien), UBS (left on second-lien) and KKR; $625 million seven-year covenant-lite first-lien term loan (including a $100 million delayed-draw) (B2/B-) talked at Libor plus 375 bps to 400 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; $110 million eight-year covenant-lite second-lien term loan (Caa2/CCC) talked at Libor plus 700 bps to 725 bps, 0.5% Libor floor, OID 99., call protection 102, 101; help fund buyout by KKR from Bertram Capital and finance deals under letters of intent; Charlotte, N.C., distributor and technical advisor for mission critical flow control and industrial automation products and related services.

GALDERMA: $2.93 billion first-lien term loan (including due $400 million add-on) October 2026 talked at Libor plus 400 bps, 25 bps step-down at 4.35x first-lien net leverage, 0.75% Libor floor, OID 99.75 on add-on, issue price par on repricing, 101 soft call for six months; Credit Suisse, Deutsche Bank and Goldman Sachs; refinance a portion of euro loan tranche and repricing; Switzerland-based skincare company offering medical and consumer skin health solutions.

GARDA WORLD SECURITY CORP.: $988 million first-lien term B due Oct. 30, 2026 talked at Libor plus 425 bps, 0% Libor floor, issue price par, 101 soft call for six months; Barclays; repricing; Montreal-based provider of cash logistics and security solutions.

GARRETT MOTION INC.: $1.55 billion equivalent credit facilities (Ba2); JPMorgan, RBC, Deutsche Bank, Fifth Third, KeyBanc, BNP Paribas and UBS; $300 million five-year revolver; $715 million seven-year term B at Libor plus 325 bps, 0.5% Libor floor, OID 99.5; €450 million seven-year term B at Euribor plus 350 bps, 0% floor, OID 99.5; exit financing; Rolle, Switzerland, provider of passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions.

GLOBAL CLIENT SOLUTIONS: $270 million credit facilities; Goldman Sachs; $10 million revolver; $260 million five-year first-lien term B talked at Libor plus 600 bps, 50 bps step-up at 0.5x outside closing date leverage and 50 bps step-down at 0.5x inside closing date leverage, 1% Libor floor, OID 98 to 98.5, hard call 102, 101; refinance existing debt and fund a distribution to shareholders; specialty payments platform.

HUDSON RIVER TRADING: $1.725 billion first-lien term B (Ba2/BB-) talked at Libor plus 300 bps, 0% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs, BofA Securities and JPMorgan; refinance existing term loan and add cash to the balance sheet; New York-based electronic market maker and liquidity provider.

IFS AB: $720 million first-lien term B (B2) talked at Libor plus 400 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan (left on U.S.), Morgan Stanley (left on euro), BofA Securities, Credit Agricole, Credit Suisse, Mizuho, Nordea, SEB and SMBC; also €520 million first-lien term B (B2) talked at Euribor plus 400 bps, 0% floor, OID 99.5, 101 soft call for six months; €67 million acquisition financing term loan (B2) talked at Euribor plus 400 bps, 0% floor, OID 99.5, 101 soft call for six months; refinance existing debt, fund a dividend and finance acquisitions; Sweden-based enterprise software company.

KENAN ADVANTAGE GROUP INC.: $1.15 billion credit facilities (B2/B); KeyBanc; $150 million revolver; $1 billion five-year covenant-lite term B talked at Libor plus 375 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; refinance existing credit facilities; North Canton, Ohio, tank truck transporter and logistics provider.

LIQUID TECH SOLUTIONS LLC: $300 million covenant-lite first-lien term loan (B3/B-) talked at Libor plus 475 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Citizens, Credit Suisse and BNP Paribas; refinance existing debt; tech-enabled provider of route-based, on-site mobile refueling solutions.

MBCC GROUP: $570 million covenant-lite term B (B2/B/BB-) due September 2027 talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Deutsche Bank, Barclays, Goldman Sachs, Intesa, JPMorgan, UBS, Unicredit and SMBC; also €1.1 billion covenant-lite term B (B2/B/BB-) due September 2027 talked at Euribor plus 350 bps to 375 bps, 0% floor, OID 99.75, 101 soft call for six months; refinance privately placed U.S. term loan and reprice existing euro term loan; Mannheim, Germany, producer of performance solutions for the construction market.

NEENAH INC.: $450 million term B (Ba2/BB-) talked at Libor plus 300 bps to 325 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; fund acquisition of Global Release Liners SL and repricing; Alpharetta, Ga., manufacturer of specialty materials.

PITNEY BOWES INC.: $400 million seven-year term loan (Ba1/BBB-) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99; JPMorgan; refinance existing term loan; Stamford, Conn., technology company providing commerce solutions.

PODS LLC: $1.265 billion senior secured credit facilities (B2/B); Morgan Stanley, Credit Suisse and Barclays; $100 million five-year revolver; $1.165 billion seven-year covenant-lite first-lien term B talked at Libor plus 325 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; refinance existing first-lien term loan and fund a distribution to shareholders; Clearwater, Fla., provider of storage and moving containers.

PRECISELY: $2.09 billion of term loans; JPMorgan, BofA Securities, Barclays, Credit Suisse, Goldman Sachs, Jefferies and Morgan Stanley; $1.645 billion seven-year first-lien term loan (B2/B-) talked at Libor plus 400 bps to 425 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $445 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 700 bps to 725 bps, 0.75% Libor floor, OID 99, call protection 102, 101; help fund buyout by Clearlake Capital Group LP and TA Associates from Centerbridge Partners; provider of accuracy, consistency and context in data.

PS LOGISTICS: $298.2 million first-lien term loan due March 2025 talked at Libor plus 400 bps, 25 bps step-down based on leverage, 0.75% Libor floor, issue price par, 101 soft call for six months; UBS; repricing; flatbed transportation solutions provider.

SITEONE LANDSCAPE SUPPLY: $300 million seven-year first-lien term B (B1/BB+) talked at Libor plus 225 bps to 250 bps, 0.5% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan; refinance existing term loan; Roswell, Ga., distributor of wholesale irrigation, landscape lighting, nursery, hardscapes, maintenance products and supplies for the green industry.

SORENSON COMMUNICATIONS LLC: $600 million five-year senior secured first-lien term loan (B2/B+) talked at Libor plus 550 bps to 575 bps, 0.75% Libor floor, OID 98.5, 101 soft call for six months; Credit Suisse, Blackstone and KKR; refinance existing debt; Salt Lake City-based provider of end-to-end communication technology services for the deaf and hard of hearing.

THOR INDUSTRIES INC.: $942 million term loan (BB+) talked at Libor plus 300 bps to 325 bps, 0% Libor floor, OID 99.875 to par; JPMorgan; also €503 million term loan talked at Euribor plus 325 bps to 350 bps, 0% floor, OID 99.875 to par; repricing; Elkhart, Ind., manufacturer of recreational vehicles.

THOUGHTWORKS INC.: $715 million seven-year covenant-lite first-lien term loan (B2/B+) talked at Libor plus 325 bps to 350 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse; refinance existing debt and fund a shareholder distribution; Chicago-based pure play digital transformation services provider.

TRINSEO SA: $750 million seven-year covenant-lite term B (Ba2/BB-) talked at Libor plus 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Deutsche Bank, HSBC, Barclays, BNP Paribas, JPMorgan, Mizuho, Goldman Sachs, Truist and Fifth Third; 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.

TRITON WATER HOLDINGS INC.: $2.15 billion senior secured credit facilities; Morgan Stanley, BofA Securities, Jefferies, RBC, Mizuho and Credit Suisse; $350 million ABL revolver; $1.8 billion seven-year covenant-lite first-lien term B (B1/B) talked at Libor plus 375 bps, 25 bps step-down at 0.5x inside closing date first-lien net leverage and 25 bps step-down upon consummation of an IPO, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; help fund buyout of Nestle Waters North America by One Rock Capital Partners LLC and Metropoulos & Co. from Nestle SA; Stamford, Conn., provider of bottled water.

ULTRA CLEAN HOLDINGS INC.: Expected closing March 29 week; roughly $628 million first-lien term loan (including $355 million incremental) due Aug. 27, 2025 at Libor plus 375 bps, step-down to Libor plus 350 bps at Ba3/BB- corporate credit ratings, 0% Libor floor, OID 99.5 on incremental, issue price par on repricing, 101 soft call for six months; Barclays; fund the acquisition of Ham-Let (Israel-Canada) Ltd. and reprice existing term loan; Hayward, Calif., developer and supplier of critical subsystems, ultra-high purity cleaning, analytical and decontamination services for the semiconductor industry.

U.S. FARATHANE LLC: $483 million of term loans; BofA Securities; $308 million term B (B2/B) due December 2024 at Libor plus 425 bps, 1% Libor floor, OID 99.5, 101 soft call for one year; $175 million privately placed second-lien term loan; refinance/extend existing term loan; Auburn Hills, Mich., designer and manufacturer of highly-engineered plastic fabricated products.

VERITAS TECHNOLOGIES: $1.322 billion term B due September 2025 talked at Libor plus 500 bps, 1% Libor floor, OID 99.875, 101 soft call for six months; BofA Securities; also €549 million term B due September 2025 talked at Euribor plus 500 bps, 1% floor, OID 99.875, 101 soft call for six months; repricing; Santa Clara, Calif., provider of data protection and availability.

VERTEX AEROSPACE SERVICES CORP.: Expected closing March 15; $321.8 million covenant-lite first-lien term B (B2) due June 2027 at Libor plus 400 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Morgan Stanley and RBC; extension and repricing; Madison, Miss., defense aerospace company.

WATLOW: $515 million seven-year term B (B2/B) talked at Libor plus 400 bps to 425 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; BMO, BofA Securities, Barclays and Citizens; help fund buyout by Tinicum LP; St. Louis-based designer and manufacturer of complete thermal systems.

WILDBRAIN: $280 million seven-year covenant-lite first-lien term B (B2/B-/BB+) talked at Libor plus 425 bps, 0.75% Libor floor, OID 99 to 99.5, 101 soft call for six months; RBC; repay existing term B; Canada-based kids’ content company.

WIN WASTE INNOVATIONS (GRANITE ACQUISITION INC.): $1.4 billion credit facilities (B1/B+); Credit Suisse, JPMorgan, Mizuho, MUFG, RBC, Deutsche Bank and Truist; $400 million revolver; $1 billion seven-year covenant-lite first-lien term loan talked at Libor plus 325 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; recapitalize legacy Wheelabrator business, refinance Tunnel Hill Partners debt and general corporate purposes; vertically-integrated waste services provider.

YESWAY (BW GAS & CONVENIENCE HOLDINGS LLC): $410 million seven-year term loan B (B1/B+) talked at Libor plus 375 bps to 400 bps, 0.5% Libor floor, OID 99, 101 soft call for six months; JPMorgan; refinance existing debt; Fort Worth, Tex., convenience stores operator.

On The Horizon

AGGREKO PLC: £1 billion equivalent senior credit facilities; Bank of America, Barclays, Deutsche Bank, Goldman Sachs and Banco Santander; £300 million multicurrency revolver; £700 million equivalent U.S. dollar denominated five-year term loan expected at Libor plus 450 bps, two step-downs of 25 bps each based on 0.5x deleveraging from opening leverage, 0.5% Libor floor, 101 soft call for six months; help fund buyout by TDR Capital LLP and I Squared Capital; U.K.-based provider of mobile power, heating and cooling solutions.

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.

ANI PHARMACEUTICALS INC.: $340 million credit facilities; Truist; $40 million revolver; $300 million term B; help fund acquisition of Novitium Pharma and refinance existing senior credit facilities; Baudette, Minn., specialty pharmaceutical company.

BOINGO WIRELESS INC.: New debt financing; Truist, TD Securities and CIT; help fund buyout by Digital Colony Management LLC; Los Angeles-based distributed antenna system and Wi-Fi provider.

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.

COLUMBUS MCKINNON CORP.: Up to $710 million credit facilities; JPMorgan; $60 million five-year revolver expected at Libor plus 325 bps, 0.75% Libor floor; up to $650 million seven-year covenant-lite first-lien term loan expected at Libor plus 425 bps, 0.75% Libor floor, 101 soft call for six months; help fund acquisition of Dorner Manufacturing Corp. from EQT and refinance existing term B; Getzville, N.Y., designer, manufacturer and marketer of intelligent motion solutions, products, technologies and services for material handling.

CORELOGIC: New credit facilities; JPMorgan; $5.5 billion first-lien term loan; revolver; help fund buyout by Stone Point Capital and Insight Partners; Irvine, Calif., property information, analytics and data-enabled solutions provider.

CUBIC CORP.: $2.5 billion senior secured credit facilities; Barclays, Credit Suisse, PSP, BMO, KKR, Mizuho, RBC, Truist and Blackstone; $225 million revolver; $1.475 billion first-lien term B; $300 million first-lien term C; $175 million letter of credit facility; $325 million second-lien term loan; help fund buyout by Veritas Capital and Evergreen Coast Capital Corp.; San Diego-based provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers.

DIRECTV: New debt financing; help fund creation of joint venture owned by AT&T and TPG Capital through spin-off of DirecTV, AT&T TV and U-verse services from AT&T Inc.; video services company.

DOLE PLC (TOTAL PRODUCE PLC): New five-to-seven-year debt facilities; BofA Securities, Rabobank and Goldman Sachs; refinance existing Total Produce and Dole Food Co. Inc. debt in connection with merger of the companies; Dublin, Ireland, fresh produce company.

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

HILTON GRAND VACATIONS INC.: $1.3 billion seven-year senior secured term B expected at Libor plus 250 bps, 0.5% Libor floor, 101 soft call for six months; BofA Securities, Deutsche Bank and Barclays; help refinance existing debt in connection with acquisition of Diamond Resorts International Inc.; Orlando, Fla., timeshare company.

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: $3.65 billion senior secured credit facilities; BofA Securities and JPMorgan; $500 million revolver; $3.15 billion term B; help fund acquisition of GW Pharmaceuticals plc; Dublin, Ireland, biopharmaceutical company.

LUMENTUM HOLDINGS INC.: $3 billion seven-year covenant-lite term B expected at Libor plus 300 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.

MAGNITE: $560 million senior secured term loan; Goldman Sachs; help fund acquisition of SpotX from RTL Group; Los Angeles-based sell-side advertising platform.

MCAFEE ENTERPRISE (MAGENTA BUYER LLC): New debt financing; UBS, Jefferies and BofA Securities; help fund buyout by Symphony Technology Group; provider of device-to-cloud cybersecurity solutions.

MEDRISK: $1.15 billion of credit facilities; UBS; $100 million revolver; $750 million first-lien term loan; $300 million second-lien term loan; help fund buyout by CVC Capital Partners; King of Prussia, Pa., provider of managed physical medicine services for the workers’ compensation industry.

MICHAELS COS.: New debt financing; Credit Suisse, Barclays, Wells Fargo, RBC, Deutsche Bank, Mizuho and BofA Securities; help fund buyout by Apollo Global Management Inc.; Irving, Tex., retailer of arts and crafts supplies and home decor 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.

PRIORITY TECHNOLOGY HOLDINGS INC. (PRIORITY HOLDINGS LLC): $630 million senior secured credit facilities; Truist; $40 million five-year revolver expected at Libor plus 475 bps, two 25 bps step-downs based on total net leverage, 0% Libor floor; $300 million six-year covenant-lite term loan expected at Libor plus 475 bps, two 25 bps step-downs based on total net leverage, 0% Libor floor, 101 soft call for six months; $290 million delayed-draw term loan expected at Libor plus 475 bps, two 25 bps step-downs based on total net leverage, 0% Libor floor; help fund acquisition of Finxera Holdings Inc. and refinance existing debt; Alpharetta, Ga., payments technology company.

PROSIGHT GLOBAL INC.: $230 million credit facilities; Truist; $65 million revolver; $165 million term loan; help fund buyout by TowerBrook Capital Partners LP and Further Global Capital Management; Morristown, N.J., specialty insurance company.

QUIKRETE HOLDINGS INC.: $2.39 billion of term loans; Wells Fargo; fund acquisition of Forterra Inc.; Atlanta-based buildings materials company.

SPARTA AGGREGATOR LP: New debt financing; help fund acquisition of PQ Group Holdings Inc.’s performance chemicals business.

SYNIVERSE: New debt financing; help refinance existing debt in connection with investment by Twilio Inc.; Tampa, Fla., provider of technology and business services for the telecommunications industry.

W. R. GRACE & CO.: Up to $300 million incremental term loan due 2028; Goldman Sachs; help fund acquisition of fine chemistry services business of Albemarle Corp.; Columbia, Md., specialty chemical company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.