Bank Loan Calendar: $17.728 billion deals being marketed

May Bank Meetings

CARNIVAL CORP. and CARNIVAL FINANCE, LLC: $1.9 billion senior secured term loan B due June 30, 2025 (existing ratings Ba2/BB-) at Libor plus 375 to 400 bps, 0.75% Libor floor at 99.5, JPMorgan (administrative agent, left lead), also €794 million senior secured term loan B due June 30, 2025 (existing ratings Ba2/BB-) at Euribor plus 400 to 425 bps, 0% Euribor floor at 99.5, JPMorgan (administrative agent), Barclays (left lead); both tranches feature 101 hard calls for 12 months; repricing; Miami-based cruise operator; lender call May 18; deadline May 26.

IG INVESTMENTS HOLDINGS, LLC (INSIGHT GLOBAL): $550 million covenant-lite incremental first lien term loan due May 2025 (B2/B-) at Libor plus 400 bps, 1% Libor floor at 99.27 (maturity, spread, floor same as existing loan); Credit Suisse, BofA, SunTrust, Wells Fargo, BMO, Goldman Sachs; 101 soft call for six months; to fund distribution to shareholders; Portland, Ore.-based staffing solutions provider; lender call May 17; commitments due May 26.

CHARTER NEXT GENERATION: Lender call May 17; $240 million incremental term loan; KKR, Jefferies and Morgan Stanley; help fund investment by KKR; Milton, Wis., producer of specialty films used in flexible packaging, industrial, healthcare, and consumer applications.

DT MIDSTREAM INC.: Lender call May 17; $1 billion seven-year senior secured term B (Baa2), 101 soft call for six months; Barclays, BofA Securities, Citigroup, JPMorgan, Wells Fargo, CoBank, Fifth Third, Mizuho, MUFG, PNC, Scotia, TD Securities, Truist and U.S. Bank; help fund a payment to DTE Energy; large-scale platform connecting supply basins to the natural gas demand markets.

Upcoming Closings

AMERICAN ROCK SALT CO. LLC: $570 million of term loans; Citizens; $470 million covenant-lite first-lien term loan (B2/B) talked at Libor plus 400 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $100 million privately placed second-lien term loan (Caa1/CCC+); refinance existing debt and fund a distribution to shareholders; Mount Morris, N.Y., producer of de-icing salt.

ANI PHARMACEUTICALS INC.: $340 million credit facilities (B2/B+); Truist, Regions and Huntington; $40 million five-year revolver; $300 million six-year term B talked at Libor plus 525 bps to 550 bps, 0.75% Libor floor, OID 98.5, 101 soft call for six months; help fund acquisition of Novitium Pharma and refinance existing senior credit facilities; Baudette, Minn., specialty pharmaceutical company.

ASCENSUS: $1.05 billion seven-year first-lien term loan (B2/B-) talked at Libor plus 375 bps, 0.5% Libor floor, OID 99 to 99.5; JPMorgan; also privately placed second-lien term loan (Caa2); help fund buyout by Stone Point Capital and GIC from Genstar Capital, Aquiline Capital Partners and Atlas Merchant Capital; Dresher, Pa., tech-enabled solutions provider focused on recordkeeping and administration in the U.S. tax advantages savings market.

ATKORE INC.: $400 million term B (Ba1/BB+/BB+) due 2028 talked at Libor plus 225 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; refinance existing term loan and general corporate purposes; Harvey, Ill., provider of electrical, safety and infrastructure solutions.

BOINGO WIRELESS INC.: $350 million senior secured credit facilities; Truist, TD Securities and CIT; $50 million revolver; $200 million delayed-draw term A; $100 million delayed-draw term A; help fund buyout by Digital Colony Management LLC; Los Angeles-based distributed antenna system and Wi-Fi provider.

CAMPING WORLD HOLDINGS INC.: $1.1 billion seven-year term B (Ba3/BB-) talked at Libor plus 250 bps to 275 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs and JPMorgan; refinance an existing term B; Lincolnshire, Ill., retailer of recreational vehicles and related products and services.

DIGITAL MEDIA SOLUTIONS LLC: $275 million credit facilities (B2/B); Truist and Fifth Third; $50 million five-year revolver; $225 million seven-year term B talked at Libor plus 450 bps to 475 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; refinance existing debt; Clearwater, Fla., adtech company.

DIVISIONS MAINTENANCE GROUP (DMG): $405 million senior secured credit facilities (B3/B); Morgan Stanley; $40 million revolver; $365 million seven-year covenant-lite first-lien term B talked at Libor plus 475 bps to 500 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund a shareholder distribution; Newport, Ky., facilities maintenance company.

ENSONO HOLDINGS LLC: $1.073 billion credit facilities; Morgan Stanley, UBS and KKR; $100 million revolver (B2/B); $723 million seven-year covenant-lite first-lien term B (B2/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; $250 million privately placed second-lien term loan (Caa2/CCC); help fund buyout by KKR from Charlesbank Capital Partners and M/C Partners and refinance existing credit facilities; Chicago-based hybrid IT services provider.

FRONTDOOR INC.: $400 million term B (Ba2/BB-) talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99, 101 soft call for six months; JPMorgan; help repay notes and refinance existing credit facility; Memphis, Tenn., provider of home service plans.

GENERATE LIFE SCIENCES: $130 million incremental covenant-lite first-lien term loan due Aug. 6, 2025 at Libor plus 400 bps, 0% Libor floor, OID 99.03; Golub; fund an acquisition; Los Angeles-based life sciences company providing reproductive, newborn stem cell, genetic screening, medical device, and healthcare technology services.

GLOBAL HEALTHCARE EXCHANGE LLC: $360 million of term loans; JPMorgan; $100 million incremental term loan talked at Libor plus 325 bps, 1% Libor floor, OID 98.5; $260 million privately placed second-lien term loan; redeem preferred equity and refinance existing second-lien term loan; Louisville, Colo., provider of cloud-based health care supply chain management technology and services.

HAYWARD INDUSTRIES INC.: $1 billion seven-year term B (B2/BB-) at Libor plus 275 bps, 0.5% Libor floor, OID 99.5, 101 soft call for six months; BofA Securities and Nomura; repay existing term loans and ABL revolver borrowings; Berkeley Heights, N.J., manufacturer of residential and commercial pool and spa equipment as well as industrial flow control products.

HILTON GRAND VACATIONS INC.: $1.3 billion seven-year senior secured term B (Ba1/BB/BB+) talked at Libor plus 300 bps to 325 bps, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; BofA Securities, Deutsche Bank, Barclays, Credit Suisse, JPMorgan, Goldman Sachs and MUFG; help refinance existing debt in connection with acquisition of Diamond Resorts International Inc.; Orlando, Fla., timeshare company.

HYSTER-YALE MATERIALS HANDLING INC.: $225 million seven-year first-lien term loan (B1) talked at Libor plus 325 bps to 350 bps, 0.5% Libor floor, OID 99 to 99.5; BofA Securities; refinance existing bank debt and general corporate purposes; Cleveland-based manufacturer lift trucks and aftermarket parts.

MAXIMUS INC.: $2.1 billion credit facilities (Ba2/BB+); JPMorgan; $600 million revolver; $1.1 billion term A; $400 million seven-year first-lien term B talked at Libor plus 225 bps, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; help fund acquisition of Veterans Evaluation Services Inc. and refinance existing debt; Reston, Va., government contractor focused on health and human services programs.

METRONET: $910 million of term loans; Goldman Sachs, Fifth Third, Citizens and TD Securities; $585 million 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; $65 million first-lien delayed-draw term loan (B2/B-) talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99 to 99.5; $85 million privately placed second-lien term loan; $175 million privately placed second-lien delayed-draw term loan; help fund investments by KKR and Oak Hill Capital; Evansville, Ind., provider of fiber optic high-speed broadband services.

PROAMPAC: $1.8 billion term loan due November 2024 talked at Libor plus 375 bps, 0.75% Libor floor, OID 99.75 to par, 101 soft call for six months; Antares; repricing; Cincinnati-based manufacturer of flexible packaging and material science solutions.

ROCKET SOFTWARE INC.: $825 million incremental term B (B-) talked at Libor plus 425 bps, 0% Libor floor, OID 98, 101 soft call for six months; RBC and Deutsche Bank; help fund the acquisition of ASG Technologies from Evergreen Coast Capital; Waltham, Mass., provider of enterprise infrastructure software.

SABRE INDUSTRIES INC.: $1.22 billion of term loans; Goldman Sachs and Citigroup; $875 million first-lien term loan (B1/B) talked at Libor plus 375 bps, 25 bps step-down at 0.5x inside closing date first-lien net leverage, 0.5% Libor floor, OID 99 to 99.5, 101 soft call for six months; $345 million privately placed second-lien term loan; help fund buyout by Blackstone from the Jordan Co.; Alvarado, Tex., designer and manufacturer of highly-engineered, mission-critical overhead steel poles, towers, battery storage solutions, and related services for electrical utility and telecom end markets.

TENEO: Expected closing late May; $150 million incremental first-lien term loan (B2/B) due July 2025 at Libor plus 525 bps, 1% Libor floor, OID 99.25, 101 soft call for six months; Goldman Sachs; fund acquisition of Deloitte UK’s restructuring services business; New York-based CEO advisory firm.

WEST MARINE (RISING TIDE HOLDINGS INC.): $505 million of term loans; Barclays, Golub and Nomura; $385 million first-lien term loan (B2/B-) talked at Libor plus 475 bps to 500 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $120 million second-lien term loan (Caa2/CCC) talked at Libor plus 825 bps to 850 bps, 0.75% Libor floor, OID 98 to 98.5, hard call 102, 101; help fund buyout by L Catterton from Monomoy Capital Partners; omni-channel provider of aftermarket products and services to the boating, fishing, sailing and watersports markets platform.

On The Horizon

AGGREKO PLC: £1 billion equivalent senior credit facilities; BofA Securities, 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.

AT HOME GROUP INC.: New debt financing; help fund buyout by Hellman & Friedman; Plano, Tex., home decor superstore.

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.

DELUXE CORP.: New secured credit facilities; JPMorgan, MUFG, Truist, Fifth Third and U.S. Bank; revolver; term A; term B; help fund acquisition of First American Payment Systems; Shoreview, Minn., business technology company.

DESSERT HOLDINGS: New debt financing; Antares; help fund buyout by Bain Capital Private Equity from Gryphon Investors; St. Paul, Minn., dessert company.

DIASORIN SPA: $1.1 billion term loan due 2026; Citigroup, BNP Paribas, Mediobanca and UniCredit; help fund acquisition of Luminex Corp.; Italy-based developer, producer and marketer of reagent kits used by diagnostic laboratories.

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.

EXTENDED STAY AMERICA INC.: New debt financing; JPMorgan, Citigroup and Deutsche Bank; help fund buyout by Blackstone Real Estate Partners and Starwood Capital Group; Charlotte, N.C., integrated hotel owner/operator.

FLY LEASING LTD.: New debt financing; RBC; help fund buyout by Carlyle Aviation Partners; Dublin-based aircraft leasing company.

GFL ENVIRONMENTAL INC.: Incremental debt financing; help fund acquisition of Terrapure Environmental Ltd.’s solid waste and environmental solutions business; Toronto-based waste management company.

GIBRALTAR ACQUISITION HOLDINGS LLC: New debt financing; JPMorgan, BNP Paribas, Citigroup and Deutsche Bank; help fund acquisition of W.R. Grace & Co. by Standard Industries Holdings Inc.; New York-based industrial company.

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

GRAY TELEVISION INC.: $1.45 billion incremental term loan; Wells Fargo; help fund acquisition of Meredith Corp. and refinance some of Meredith’s existing debt; Atlanta-based television broadcast company.

HERMAN MILLER INC.: $1.75 billion senior secured credit facilities; Goldman Sachs; $500 million revolver; $1.25 billion term loan; help fund acquisition of Knoll Inc.; Zeeland, Mich., office furniture and equipment manufacturer.

II-VI INC.: $4 billion senior secured credit facilities; JPMorgan; $350 million revolver; $850 million term A; $2.8 billion term B; help fund acquisition of Coherent Inc.; Saxonburg, Pa., manufacturer of engineered materials and optoelectronic components.

LOYALTYONE: New debt financing; help fund spinoff from Alliance Data Systems Corp.; provider of loyalty programs and solutions.

MEREDITH CORP.: $875 million credit facilities; RBC and Barclays; $150 million revolver; $725 million of secured term loans; help fund spinoff of National Media Group into standalone company retaining Meredith name and refinance some existing debt; Des Moines, Iowa, owner of a portfolio of magazines as well as digital and marketing assets.

ORBCOMM INC.: $410 million credit facilities; Credit Suisse, Jefferies, Truist and Citizens; $50 million revolver; $360 million term loan; help fund buyout by GI Partners; Rochelle Park, N.J., provider of Internet of Things (IoT) solutions.

PRIMESOURCE BUILDING PRODUCTS INC.: New debt financing; Deutsche Bank; fund acquisition of NWI Enterprises (Nationwide) from Harbour Group; Irving, Tex., provider of specialty branded residential building products.

PRINCE INTERNATIONAL CORP.: New debt financing; help fund acquisition of Ferro Corp. and merger with Chromaflo Technologies; Houston-based manufacturer of performance-critical specialty products for niche applications in the construction, electronics, consumer products, agriculture, automotive, oil & gas, industrial and other end markets.

PROOFPOINT INC.: New debt financing; Goldman Sachs; help fund buyout by Thoma Bravo; Sunnyvale, Calif., cybersecurity and compliance 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.: $1.5 billion seven-year incremental covenant-lite term B; Wells Fargo; help fund acquisition of Forterra Inc.; Atlanta-based buildings materials company.

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.

YAHOO (VERIZON MEDIA): New debt financing; RBC, Barclays, BMO, Deutsche Bank and Mizuho; help fund buyout by Apollo Global Management Inc. from Verizon; technology and media company.

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