Bank Loan Calendar: $83.8936 billion deals being marketed

May Bank Meetings

BLACKHAWK NETWORK HOLDINGS INC.: Bank meeting May 9; $2.15 billion senior secured credit facilities; Bank of America (left on first-lien), JPMorgan (left on second-lien), Barclays, Citigroup, Goldman Sachs, Wells Fargo, BMO, Deutsche Bank, Fifth Third, MUFG, RBC and SunTrust; $400 million revolver; $1.35 billion seven-year covenant-light first-lien term loan; $400 million eight-year covenant-light second-lien term loan; help fund buyout by Silver Lake and P2 Capital Partners; Pleasanton, Calif., financial technology company.

BROADSTREET PARTNERS INC.: Lender call May 9; $594 million term B (including $15 million add-on); RBC, Bank of America, SunTrust and ING; repricing and repay revolver borrowings; Columbus, Ohio, insurance broker.

INSIGHT GLOBAL (IG INVESTMENTS HOLDINGS LLC): Lender call May 9; $1.083 billion seven-year first-lien term loan talked at Libor plus 300 bps to 325 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse; refinance existing term loan and fund a distribution to shareholders; Atlanta-based temporary staffing firm for the information technology sector.

INTERIOR LOGIC GROUP HOLDINGS IV LLC: Bank meeting May 10; $400 million seven-year covenant-light term B; Bank of America; refinance existing debt and pay related fees and expenses in connection with the cashless merger of Littlejohn & Co.’s portfolio company Interior Specialists Inc. LLC and Platinum Equity's portfolio company Interior Logic; Irvine, Calif., provider of design center services and interior finish solutions.

ION TRADING FINANCE LTD.: Bank meeting May 10 in London (NY was May 8); $2.1 billion equivalent U.S. and euro senior secured incremental covenant-light first-lien term loan talked at Libor plus 375 bps to 400 bps/Euribor plus 350 bps, 1% floor, OID 99.5, 101 soft call for six months; UBS; help fund acquisition of Fidessa Group plc; software provider of trading, treasury and workflow solutions.

PLAYA HOTELS & RESORTS NV: Lender call May 9; $1.004 billion (including $100 million add-on) covenant-light term B due April 2024 talked at Libor plus 275 bps, 1% Libor floor, OID 99.75 to par on add-on, 101 soft call for six months; Deutsche Bank; support acquisition of five all-inclusive resorts from Sagicor Group Jamaica Ltd. and repricing; owner, operator and developer of all-inclusive resorts.

RENAISSANCE LEARNING: Bank meeting May 9; $1.12 billion credit facilities; Barclays, Jefferies, Macquarie, BMO and Nomura; $80 million five-year revolver; $705 million seven-year first-lien term loan; $335 million eight-year second-lien term loan; help fund buyout by Francisco Partners from Hellman & Friedman and its other stockholders; Wisconsin Rapids, Wis., pre-K–12 learning analytics company.

Upcoming Closings

ADS TACTICAL INC.: $330 million seven-year covenant-light term B (B3/B) talked at Libor plus 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Wells Fargo; refinance existing debt; Virginia Beach, Va., provider of value-added logistics and supply chain solutions specializing in tactical & operational equipment and kitted solutions.

AEGIS TOXICOLOGY SCIENCES CORP.: Expected closing May 9; $350 million senior secured credit facilities (B3/B); Morgan Stanley, SunTrust, Credit Suisse and Fifth Third; $50 million five-year revolver; $300 million seven-year first-lien term B at Libor plus 550 bps, 1% Libor floor, OID 98.5, 101 soft call; refinance existing debt; Nashville, Tenn., laboratory sciences company.

ALBERTSONS COS. LLC: $1.5 billion five-year asset-based last-out term loan (Ba2/BB-) at Libor plus 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Bank of America, Credit Suisse, Goldman Sachs, Morgan Stanley, Barclays, Deutsche Bank, RBC, Wells Fargo and MUFG; help fund merger with Rite Aid Corp.; Boise, Idaho, food and drug retailer.

AMERICAN AIRLINES INC.: $1.825 billion senior secured term loan (BB+) due June 27, 2025 talked at Libor plus 175 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Barclays; amend and extend existing term B; Fort Worth-based airline company.

AMERICAN GREETINGS: $720 million credit facilities (Ba3/B+); Barclays, Deutsche Bank, Citizens, ING, Bank of America, HSBC, Sumitomo, KeyBanc and CIBC; $250 million revolver; $470 million six-year term B at Libor plus 450 bps, 1% Libor floor, OID 98, 101 soft call; help fund acquisition by Clayton, Dubilier & Rice of a 60% ownership stake in the company; Cleveland, Ohio, designer, manufacturer and distributor of greeting cards, gift packaging, party goods and stationery products.

ARISTOCRAT LEISURE LTD.: $2.25 billion term loan due October 2024 talked at Libor plus 175 bps, 0% Libor floor, OID 99.875 to extending lenders of existing 2021 term loan, 101 soft call for six months; UBS; repricing and extension; Sydney, Australia, provider of gaming solutions. Big Fish is a Seattle-based social gaming company.

ARTERRA WINES CANADA INC.: Expected closing May 9; $130 million incremental senior secured covenant-light term B-1 (B1/B) due Dec 15, 2023 at Libor plus 275 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Morgan Stanley; refinance existing second-lien debt and add cash to the balance sheet; Mississauga, Ont., producer and distributor of wine brands.

AVOLON: Expected closing May 9; roughly $4.75 billion senior secured term B-3 due Jan. 15, 2025 at Libor plus 200 bps, 0.75% Libor floor, OID 99.75, 101 soft call; Morgan Stanley, JPMorgan, Barclays, Credit Agricole, UBS, BNP Paribas, SunTrust and Fifth Third; extend and reprice term B-2; Ireland-based provider of aircraft leasing and lease management services.

BERRY GLOBAL GROUP INC.: Expected closing May 29; $1.614 billion in term loans (Ba2/BBB); Citigroup, Credit Suisse, Barclays, Deutsche Bank, Goldman Sachs, JPMorgan, Bank of America and Wells Fargo; $800 million covenant-light term S due Feb. 8, 2020 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; $814 million covenant-light term T due Jan. 6, 2021 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; reprice term O and term P; Evansville, Ind., provider of value-added plastic consumer packaging and engineered materials.

BI-LO LLC: $1.125 billion credit facilities; Deutsche Bank, SunTrust, RBC and Bank of America; $525 million six-year term B (Caa1/B) talked at Libor plus 750 bps, 1% Libor floor, OID 99, 101 hard call for two years; $600 million ABL facility; fund exit from Chapter 11 and refinance existing debt; Jacksonville, Fla., supermarket chain.

BIG JACK’S HOLDINGS LP (JACK’S FAMILY RESTAURANT): $245 million covenant-light first-lien term B (B3/B) due April 5, 2024 talked at Libor plus 350 bps, 1% Libor floor, 101 soft call for six months; RBC, Bank of America and Morgan Stanley; repricing; Alabama-based operator of quick-service restaurants.

BOMBARDIER RECREATIONAL PRODUCTS INC.: $800 million seven-year covenant-light term B talked at Libor plus 200 bps to 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; TD Securities, BMO, RBC and Citigroup; refinance existing debt; Valcourt, Quebec, designer, manufacturer, distributor and marketer of motorized recreational vehicles and powersports engines.

BRAZOS MIDSTREAM (BISON MIDSTREAM HOLDINGS LLC): Bank meeting May 2; $950 million credit facilities; Jefferies and RBC; $50 million super-priority revolver; $900 million seven-year first-lien term loan (B2/B/BB-) talked at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by North Haven Infrastructure Partners II and fund cash into a funded capex and interest reserve account; Fort Worth, Texas, natural gas and crude oil midstream company.

BRIGHT HORIZONS FAMILY SOLUTIONS INC.: $1.064 billion term loan due November 2023 talked at Libor plus 175 bps, 0.75% Libor floor, 101 soft call for six months; JPMorgan; repricing; Watertown, Mass., provider of employer-sponsored child care, back-up care, early education, educational advisory services and other work/life services.

CHG HEALTHCARE SERVICES INC.: $270 million add-on covenant-light first-lien term loan (B2/B) due June 2023 at Libor plus 300 bps, 1% Libor floor, 101 soft call for six months; Jefferies, Goldman Sachs, Barclays and Citigroup; repay second-lien notes; Salt Lake City-based health care staffing firm.

CITYCENTER HOLDINGS LLC: $1.788 billion covenant-light term B (including $200 million add-on) (B1/BB-) due April 18, 2024 at Libor plus 225 bps, 0.75% Libor floor, 101 soft call for six months; Bank of America; help fund a dividend and repricing; urban mixed-use development on the Las Vegas Strip.

COMMERCEHUB INC.: $480 million senior secured credit facilities; Jefferies and Golub; $30 million revolver (B2/B-); $305 million seven-year first-lien term loan (B2/B-) at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $145 million privately-placed second-lien term loan; help fund buyout by GTCR and Sycamore Partners; Albany, N.Y., distributed commerce network for retailers and brands.

COVIA HOLDINGS CORP.: $1.85 billion senior secured credit facilities (Ba3/BB); Barclays and BNP Paribas; $200 million five-year revolver; $1.65 billion seven-year first-lien term loan talked at Libor plus 375 bps, step-up to Libor plus 400 bps and step-downs to Libor plus 350 bps and Libor plus 325 bps based on net leverage, 1% Libor floor, OID 99.5, 101 soft call for six months; help merger of Unimin Corp. with Fairmount Santrol, refinance some debt at both companies and general corporate purposes; proppant and industrial materials solutions provider.

ENDEAVOR (WME IMG): $2.775 billion seven-year first-lien term loan (B2/B) talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan, KKR, Barclays, RBC, Deutsche Bank, Credit Suisse, UBS and HSBC; refinance existing first-and second-lien term loans; entertainment, sports and fashion company.

ENSONO LP: Expected closing late May; $643 million senior secured credit facilities; Morgan Stanley, Barclays, RBC and TD Securities; $60 million five-year revolver (B2/B) at Libor plus 525 bps, 0% Libor floor; $460 million seven-year covenant-light first-lien term loan (B2/B) at Libor plus 525 bps, 0% Libor floor, OID 99, 101 soft call for six months; $123 million eight-year covenant-light second-lien term loan (Caa2/CCC) at Libor plus 925 bps, 0% Libor floor, OID 96, call protection 103, 102, 101; fund acquisition of Wipro Ltd.’s hosted data center services business; Chicago-based hybrid IT services provider.

EVANS NETWORK OF NETWORK OF COS.: $262.5 million in first-lien term loans (B3/B); Antares Capital; $238.5 million seven-year covenant-light term loan talked at Libor plus 425 bps, 0% Libor floor, OID 99.5; $24 million delayed-draw term loan talked at Libor plus 425 bps, 0% Libor floor, OID 99.5; refinance existing debt and fund a distribution to existing shareholders; Schuylkill Haven, Pa., asset-light, tech-enabled service provider to operators in the logistics industry.

EVERI PAYMENTS: $814 million term loan talked at Libor plus 300 bps, 1% Libor floor, 101 soft call for six months; Jefferies; repricing; Las Vegas-based provider of video and mechanical reel gaming content and solutions, integrated gaming payment solutions and compliance and efficiency software solutions.

FOUNDATION BUILDING MATERIALS HOLDINGS CO. LLC: $450 million seven-year covenant-light term B (B3/B+) talked at Libor plus 325 bps to 350 bps, OID 99.5, 101 soft call for six months; RBC, Goldman Sachs, SunTrust and Stifel; help redeem notes; Tustin, Calif., building material company.

FUSION: $680 million credit facilities; Goldman Sachs, Morgan Stanley and MUFG; $40 million revolver (B3/B); $45 million four-year first-lien term A (B3/B) at Libor plus 500 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $510 million five-year first-lien term B (B3/B) at Libor plus 750 bps, 1% Libor floor, OID 96, non-call one year, then 101 soft call for months 13 through 24; $85 million 5.5-year second-lien term loan (Caa2/CCC+) at Libor plus 1,050 bps, 1% Libor floor, OID 96, non-call for 18 months, then at 104 for months 19 through 24 and 102 for months 25 through 36; refinance debt in connection with the all-stock merger of Fusion and the Cloud and Business Services customers, operations and infrastructure of Birch Communications; New York-based cloud services provider.

GFL ENVIRONMENTAL INC.: Expected closing May 31; $435 million seven-year senior secured covenant-light term B (including $100 million delayed-draw tranche) (Ba3/BB-) talked at Libor plus 275 bps to 300 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Citigroup, RBC, Barclays and BMO; help fund buyout by BC Partners, Ontario Teachers’ Pension Plan and GIC and refinance some existing debt; Vaughan, Ont., waste management services company.

GGP INC.: $7 billion senior secured credit facilities (Ba3); Morgan Stanley, Wells Fargo, Deutsche Bank, RBC, Bank of America, Barclays, HSBC, Sumitomo Mitsui and TD Securities; $1.5 billion revolver; $1.5 billion term A-1; $2 billion term A-2; $2 billion seven-year covenant-light term B at Libor plus 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; fund acquisition of all outstanding shares of common stock by Brookfield Property Partners LP; Chicago-based owner, manager, leaser and redeveloper of high-quality retail properties.

GMS INC. (GYP HOLDINGS III CORP.): $998 million seven-year first-lien term B (BB-) talked at Libor plus 275 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Barclays and Credit Suisse; extend existing term B and help fund acquisition of WSB Titan from current management and TorQuest Partners; Tucker, Ga., distributor of wallboard and suspended ceilings systems.

GTT COMMUNICATIONS INC.: $1.77 billion seven-year covenant-light first-lien term loan (B2/B/BB-) at Libor plus 275 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, KeyBanc, SunTrust, Goldman Sachs, Morgan Stanley, Citizens and ING; also €750 million seven-year covenant-light first-lien term loan (/B/BB) at Euribor plus 325 bps, 0% floor, OID 99.5, 101 soft call for six months; refinance existing debt and fund acquisition of Interoute; McLean, Va., cloud networking provider.

HEARTHSIDE FOOD SOLUTIONS: $1.27 billion credit facilities (B2/B); Goldman Sachs, Barclays, Nomura, Antares, Credit Suisse, RBC and Jefferies; $150 million revolver; $1.12 billion seven-year senior secured first-lien term loan talked at Libor plus 325 bps, two 25 bps step downs at 0.5x and 1x inside closing date first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund buyout by Charlesbank Capital Partners and Partners Group from Goldman Sachs and Vestar Capital Partners; Downers Grove, Ill., bakery, nutrition bar, snack and customized solutions contract manufacturer for packaged food products.

HILLMAN GROUP INC.: $845 million credit facilities; Barclays, Jefferies, Citizens and MUFG; $150 million asset-based revolver due 2023; $530 million senior secured term B due 2025 talked at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $165 million delayed-draw term loan due 2025 talked at Libor plus 350 bps, 0% Libor floor, OID 99.5; refinance existing revolver and term B, and fund a contemplated acquisition in an existing line of business; Cincinnati-based distributor of fasteners, keys, engravable tags, letters, numbers and signs, and other hardware-related items.

HUNTERSTOWN GENERATION (KESTREL ACQUISITION LLC): $440 million senior secured credit facilities (Ba3/BB); Morgan Stanley and Goldman Sachs; $40 million five-year revolver; $400 million seven-year term B at Libor plus 425 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; fund acquisition by Platinum Equity from GenOn Energy; 810 MW natural gas-fired combined cycle power plant located in Gettysburg, Pa.

JORDAN HEALTH SERVICES (BW NHHC HOLDCO INC.): $1.035 billion senior secured credit facilities; Jefferies, Deutsche Bank, RBC, CIT and Golub; $80 million five-year revolver (B2/B-); $660 million seven-year first-lien term loan (B2/B-) talked at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $75 million seven-year delayed-draw first-lien term loan (B2/B-) talked at Libor plus 400 bps, 0% Libor floor, OID 99.5; $195 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 800 bps, 0% Libor floor, OID 99, call protection 102, 101; $25 million eight-year delayed-draw second-lien term loan (Caa2/CCC) talked at Libor plus 800 bps, 0% Libor floor, OID 99; help fund buyout by Kelso & Co. and Blue Wolf Capital Partners from Palladium Equity Partners LLC and subsequent merger with Great Lakes Caring Home Health and Hospice and National Home Health Care, and fund one near-term acquisition; home health care provider.

KEANE GROUP HOLDINGS LLC: $350 million seven-year senior secured term loan (B3/BB-) talked at Libor plus 400 bps, step-down to Libor plus 375 bps, and step-ups to Libor plus 425 bps, Libor plus 450 bps and Libor plus 475 bps based on net leverage, 1% Libor floor, OID 99.5, 101 soft call for six months; Barclays; repay existing term loan and general corporate purposes, including to finance potential future shareholder distributions; Houston-based provider of integrated well completion services.

L&W INC. (AUTOKINITON US HOLDINGS INC.): $525 million credit facilities; Goldman Sachs, Bank of America, Barclays and RBC; $75 million ABL revolver; $450 million seven-year first-lien term loan (B2/B+) talked at Libor plus 400 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by KPS Capital Partners LP; New Boston, Mich., automotive supplier specializing in hot and cold metal stampings and welded assemblies.

LAIRD PLC: $1.026 billion credit facilities; Goldman Sachs, Citigroup, Bank of America, HSBC, Lloyds and NatWest; $133 million revolver (B2/B); $750 million seven-year first-lien term loan (B2/B) at Libor plus 450 bps, 0% Libor floor, OID 97, 101 soft call; $143 million privately placed second-lien term loan; help fund buyout by Advent International Corp.; London-based provider of products and technology solutions used in network infrastructure, wireless connectivity, displays and industrial controls.

LIFESCAN GLOBAL CORP.: $1.75 billion in term loans; Bank of America, Deutsche Bank, Goldman Sachs, Jefferies, Credit Suisse, Barclays and RBC; $1.4 billion seven-year covenant-light first-lien term loan (B1/B+) talked at Libor plus 450 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $350 million eight-year covenant-light second-lien term loan (Caa1/B) talked at Libor plus 850 bps, 0% Libor floor, OID 98.5 to 99, call protection 103, 102, 101; fund buyout by Platinum Equity from Johnson & Johnson; marketer of blood glucose monitoring products with headquarters in Chesterbrook, Pa., and Zug, Switzerland.

LUMOS NETWORKS: Expected closing May 18; $1.025 billion senior secured covenant-light term B (B2/B) due Nov. 17, 2024 at Libor plus 300 bps, 1% Libor floor, 101 soft call for six months; Morgan Stanley, Goldman Sachs and SunTrust; repricing; Waynesboro, Va., fiber-based service provider in the Mid-Atlantic region.

MCDERMOTT INTERNATIONAL INC.: Expected closing May 10; $2.26 billion seven-year first-lien term loan (Ba2/BB-) at Libor plus 500 bps, 1% Libor floor, OID 98, 101 soft call; Barclays, Credit Agricole, Goldman Sachs, MUFG, ABN Amro, RBC and Standard Chartered; refinance existing debt and cash collateralize letters of credit; Houston-based provider of integrated engineering, procurement, construction and installation, front-end engineering and design and module fabrication services for upstream field developments.

MHS HOLDINGS INC.: $463 million term B (including $200 million add-on) (B2/B) at Libor plus 425 bps, 1% Libor floor, OID 99.75 on add-on, 101 soft call for six months; RBC; repricing and fund a dividend; Louisville, Ky., provider of e-commerce infrastructure.

MICROCHIP TECHNOLOGY INC.: $2 billion seven-year term B (Baa3//BBB-) talked at Libor plus 200 bps to 225 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; JPMorgan; help fund acquisition of Microsemi Corp.; Chandler, Ariz., manufacturer of microcontroller, memory and analog semiconductors.

MILLER’S ALE HOUSE INC.: $285 million credit facilities; Jefferies, Barclays and KeyBanc; $35 million revolver; $250 million seven-year first-lien term loan talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; Orlando, Fla., restaurant and sports bar chain.

NEP GROUP INC.: $140 million add-on term B (B2) due July 21, 2022 at Libor plus 325 bps, 1% Libor floor, 101 soft call for six months; Barclays and JPMorgan; pay down revolver borrowings; Pittsburgh-based outsourced provider of comprehensive live and broadcast production solutions.

NES GLOBAL TALENT FINANCE US LLC: $205 million five-year first-lien term loan talked at Libor plus 550 bps, 1% Libor floor, OID 98, 101 soft call for six months; Credit Suisse; refinance existing debt and fund acquisitions; provider of specialty manpower solutions to the oil and gas, power, chemicals infrastructures and life sciences sectors.

NORTHSTAR FINANCIAL SERVICES GROUP LLC: $405 million in term loans; Antares, Macquarie and Citizens; $290 million first-lien term loan (B2/B+) talked at Libor plus 350 bps to 375 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $115 million second-lien term loan (Caa2/CCC+) talked at Libor plus 750 bps to 775 bps, 0.75% Libor floor, OID 99, call protection 102, 101; fund acquisition of FTJ FundChoice LLC; financial services company.

OMNIA PARTNERS INC.: $565 million credit facilities; Barclays, Ares, Jefferies and Fifth Third; $30 million five-year revolver (B2/B); $390 million seven-year first-lien term loan (B2/B) talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $145 million eight-year second-lien term loan (Caa2/CCC+) talked at Libor plus 775 bps to 800 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund acquisition of Communities Program Management LLC (U.S. Communities Government Purchasing Alliance) and refinance existing debt; Franklin, Tenn., group purchasing organization.

PAYSAFE: $800 million equivalent incremental term loans (B2/B); Credit Suisse; $600 million incremental term loan due January 2025 talked at Libor plus 350 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call through July 3, 2018; $200 million euro equivalent incremental term loan due January 2025 talked at Euribor plus 325 bps, 0% floor, OID 99 to 99.5, 101 soft call through July 3, 2018; help fund acquisition of iPayment Holdings Inc.; Isle of Man-based provider of end-to-end payment solutions.

PERSPECTA INC.: $3.1 billion senior credit facilities (Ba3/BB/BBB-); MUFG, Bank of America, JPMorgan, Mizuho and RBC; $600 million revolver at Libor plus 175 bps; $500 million term A-1 at Libor plus 162.5 bps; $1.5 billion term A-2 at Libor plus 175 bps; $500 million term B at Libor plus 225 bps, 0% Libor floor, OID 99.875, 101 soft call for six months; help fund spin-off from DXC Technology, refinance existing debt and general corporate purposes; mission-enabled, end-to-end IT services and mission solutions provider to government customers.

POWER PRODUCTS LLC: $90 million add-on covenant-light first-lien term loan talked at Libor plus 400 bps, 1% Libor floor, OID 99.75, 101 soft call through July 6, 2018; RBC; fund an acquisition; Menomonee Falls, Wis., manufacturer and supplier of electrical products for construction and maintenance, recreational marine and specialty vehicles, industrial power, and transportation.

QUEST/ONE IDENTITY: $1.795 billion in term loans; Credit Suisse; $1.42 billion seven-year first-lien term loan (B2/B+) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $375 million eight-year second-lien term loan (Caa2/B-) talked at Libor plus 825 bps to 850 bps, 0% Libor floor, OID 99, call protection 102, 101; fund carve-out from Seahawk Holdings; provider of integrated infrastructure software and identity of governance.

SECURUS TECHNOLOGIES HOLDINGS INC.: $350 million incremental covenant-light first-lien term loan (B2/B) due November 2024 talked at Libor plus 450 bps, 1% Libor floor, OID 99.5, 101 soft call through Nov. 1, 2018; Deutsche Bank, Bank of America and Goldman Sachs; fund acquisition of Inmate Calling Solutions and repay existing revolver borrowings; Dallas-based provider of advanced inmate communications, investigative technologies and information management solutions to the corrections industry.

SENNECA HOLDINGS: $480 million credit facilities; Antares Capital and Golub (on first-lien); $40 million five-year revolver; $240 million seven-year first-lien term loan at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $75 million delayed-draw first-lien term loan at Libor plus 400 bps, 1% Libor floor, OID 99.5; $100 million privately placed second-lien term loan; $25 million privately placed delayed-draw second-lien term loan; help fund buyout by Kohlberg & Co.; Cincinnati-based provider of made-to-order specialty commercial door systems and enclosures.

SONICWALL: $627 million in term loans; UBS, Credit Suisse and SunTrust; $432 million first-lien term loan talked at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $195 million second-lien term loan talked at Libor plus 750 bps, 0% Libor floor, OID 99, call protection 102, 101; fund spin-off from Seahawk Holdings; provider of IT security and data backup and recovery services.

SOUTHWIRE CO. LLC: $500 million senior secured term loan (BB+) due 2025 talked at Libor plus 175 bps to 200 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; KKR; refinance existing debt; Carrollton, Ga., manufacturer of wire and cable used in the distribution and transmission of electricity.

SPRINGS WINDOW FASHIONS (SIWF HOLDINGS INC.): $1.27 billion credit facilities; Barclays, Deutsche Bank and Nomura; $125 million five-year ABL revolver; $840 million seven-year first-lien term loan (B1/B) talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $305 million eight-year second-lien term loan (Caa1/CCC+) talked at Libor plus 775 bps to 800 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by AEA Investors LP and British Columbia Investment Management Corp. from Golden Gate Capital; Middleton, Wis., manufacturer and seller of custom and stock window coverings and drapery hardware.

SRS DISTRIBUTION INC.: $1.7 billion credit facilities; Bank of America, Barclays, UBS, Credit Suisse, Goldman Sachs, Nomura and RBC; $400 million ABL revolver; $1.3 billion seven-year covenant-light term B talked at Libor plus 325 bps to 350 bps, 25 bps step-down at 0.5x inside closing net first-lien leverage, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; help fund buyout by Leonard Green & Partners LP from Berkshire Partners; McKinney, Texas, roofing products distributor.

TERRAFORM POWER OPERATING LLC: $349.1 million senior secured term B (Ba1/BB+/ BB+) due Nov. 8, 2022 talked at Libor plus 200 bps to 225 bps, 0% Libor floor, 101 soft call for six months; RBC; repricing; Bethesda, Md., owner and operator of a renewable power portfolio of solar and wind assets.

TRANSDIGM INC.: $5.833 billion in term loans (Ba2/B+); Credit Suisse, Citigroup, Morgan Stanley, Barclays, RBC, HSBC, Goldman Sachs, JPMorgan, Credit Agricole and KKR; $1.496 billion first-lien term E due May 2025 talked at Libor plus 250 bps, 0% Libor floor, 101 soft call for six months; $700 million incremental first-lien term E due May 2025 talked at Libor plus 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $3.637 billion first-lien term loan F due June 2023 talked at Libor plus 250 bps, 0% Libor floor, 101 soft call for six months; reprice and extend existing term E, reprice existing term F, general corporate purposes and add cash to the balance sheet; Cleveland-based designer, producer and supplier of highly engineered aircraft components for use on commercial and military aircraft.

TRINSEO SA: $697 million covenant-light term B due September 2024 (Ba2/BB+) talked at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; Berwyn, Pa., materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber.

VISTRA ENERGY: $4.864 billion in term loans; Credit Suisse; $2.814 billion covenant-light first-lien term B-1 due August 2023 talked at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; $2.05 billion covenant-light first-lien term B-3 due December 2025 talked at Libor plus 200 bps, 0% Libor floor, OID 99.75 to 99.875, 101 soft call for six months; repricing of existing term B-1 and refinance existing debt; Dallas-based power generator and retail electric provider.

VISTRA GROUP: Expected closing May 21 week; roughly $575 million senior secured first-lien term loan (B2/B) due October 2022 at Libor plus 300 bps, 1% Libor floor, OID 99.875, 101 soft call for six months; Goldman Sachs, Credit Suisse and Nomura; refinance existing first-lien term loan, fund an acquisition and general corporate purposes; provider of company formations, trust, corporate and fund administration services.

WESTERN DIGITAL CORP.: $2.455 billion covenant-light term B (Baa2/BBB-/BBB-) due April 29, 2023 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Bank of America, JPMorgan, Mizuho, RBC and Wells Fargo; repricing; Irvine, Calif., developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content.

On The Horizon

8POINT3 ENERGY PARTNERS LP: $1.16 billion in loans; MUFG, Massachusetts Mutual, KeyBanc and Commonwealth Bank of Australia; $1.1 billion term loan; up to $60 million letter of credit facility; help fund acquisition by Capital Dynamics Inc.; San Jose, Calif.-based owner, operator and acquirer of solar energy generation projects.

ALTRA INDUSTRIAL MOTION CORP.: $1.64 billion senior secured credit facilities; Goldman Sachs; $300 million revolver; $1.34 billion in term loans; help fund combination with four operating companies from Fortive’s Automation and Specialty platform; Braintree, Mass., designer, producer and marketer of a wide range of electromechanical power transmission and motion-control products.

BOYD GAMING CORP.: Incremental debt financing; fund acquisition of Valley Forge Casino Resort in King of Prussia, Pa., from Valley Forge Convention Center Partners LP; Las Vegas-based owner and operator of gaming entertainment properties.

CISCO SERVICE PROVIDER VIDEO SOFTWARE SOLUTIONS: New debt financing; Bank of America; help fund buyout by Permira; developer and deliverer of video solutions for the Pay-TV industry.

COHU INC.: $350 million seven-year senior secured term B; Deutsche Bank; help fund acquisition of Xcerra Corp.; Poway, Calif., supplier of semiconductor test and inspection handlers, micro-electro mechanical system test modules, test contactors and thermal sub-systems.

DANA INC.: $250 million incremental term A; Credit Suisse, Barclays, and Citigroup; help fund acquisition of the Driveline division of GKN plc to create Dana plc; supplier of drivetrain, sealing and thermal-management technologies.

DEL FRISCO’S RESTAURANT GROUP INC.: $440 million senior secured credit facilities; JPMorgan and Citizens; $50 million revolver; $390 million term loan; fund acquisition of Barteca Restaurant Group; Irving, Texas, restaurant company.

ELECTRICAL COMPONENTS INTERNATIONAL INC.: New debt financing; Barclays, Credit Suisse, Goldman Sachs and RBC; help fund buyout by Cerberus Capital Management LP from KPS Capital Partners LP; St. Louis-based manufacturer of wire harnesses, control boxes, and value-added assembly services for consumer appliance and specialty-industrial applications.

ENERGIZER HOLDINGS INC.: $2.04 billion senior secured credit facilities; JPMorgan and Barclays; $400 million five-year revolver expected at Libor plus 275 bps, 0% Libor floor; $1.64 billion seven-year covenant-light first-lien term loan expected at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of Spectrum Brands’ Global Battery and Portable Lighting Business, refinance existing credit facility and provide working capital; St. Louis-based manufacturer of primary batteries and portable lighting products.

FINANCIAL ENGINES: New debt financing; help fund buyout by Hellman & Friedman and combination with Edelman Financial Services; Sunnyvale, Calif., independent investment advisor.

KINDRED HEALTHCARE INC.: $2.975 billion senior secured credit facilities; JPMorgan, Morgan Stanley, Citigroup, Goldman Sachs, Bank of America, Capital One, RBC and Wells Fargo; $280 million revolver, $1.36 billion first-lien term loan, $475 million second-lien term loan to Kentucky Homecare Holdings Inc.; $450 million asset-based loan facility, $410 million term loan to Kentucky Hospital Holdings LLC; help fund buyout by TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc.; Louisville, Ky., healthcare services company.

LUMENTUM HOLDINGS INC.: $550 million seven-year senior secured covenant-light term B expected at Libor plus 250 bps, 25 bps step-down at 0.5 times inside closing first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; Deutsche Bank; help fund acquisition of Oclaro Inc.; Milpitas, Calif., provider of photonics products for optical networking and lasers for industrial and consumer markets.

MARVELL TECHNOLOGY GROUP LTD.: $1.4 billion credit facilities; Goldman Sachs and Bank of America; $900 million term loan; $500 million revolver; help fund acquisition of Cavium Inc.; Hamilton, Bermuda, provider of storage, networking and connectivity solutions.

MGM GROWTH PROPERTIES LLC: New debt financing; help fund acquisition of Hard Rock Rocksino Northfield Park from Milstein Entertainment LLC; Las Vegas-based real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts.

MITEL: New debt financing; Credit Suisse, BMO and TD Securities; help fund buyout by Searchlight Capital Partners LP; Ottawa-based provider of communications software solutions.

PCI GAMING AUTHORITY (WIND CREEK HOSPITALITY): New debt financing; Credit Suisse; help fund acquisition of Sands Casino Resort in Bethlehem, Pa., from Las Vegas Sands Corp.; owner and operator of gaming and entertainment facilities.

PENN NATIONAL GAMING INC.: $1.14 billion in incremental senior secured term loans; Bank of America, Goldman Sachs, Fifth Third, U.S. Bank, Wells Fargo, Citizens, SunTrust and TD Securities; $387.2 million incremental term A; $752.8 million incremental term B; help fund acquisition of Pinnacle Entertainment Inc.; Wyomissing, Pa., owner and manager of gaming and racing facilities and video gaming terminal operations.

PLANTRONICS: $1.375 billion secured credit facilities; Wells Fargo; revolver; term loan; help fund acquisition of Polycom; Santa Cruz, Calif., audio communications company.

RPX CORP.: New debt financing; Jefferies; help fund buyout by HGGC; San Francisco-based provider of patent risk and discovery management solutions.

STANDARD MEDIA GROUP LLC: New debt financing; RBC; fund acquisition of nine television stations from Sinclair Broadcast Group Inc.; broadcast television company.

STARS GROUP INC.: $5.5 billion credit facilities; Deutsche Bank, Goldman Sachs, Macquarie and Morgan Stanley; help fund acquisition of Sky Betting & Gaming from CVC Capital Partners and Sky plc, and refinance debt; Toronto-based provider of technology-based products and services in the gaming and interactive entertainment industries.

TENNECO: $4.9 billion credit facilities; JPMorgan and Barclays; $1.5 billion five-year revolver; $1 billion five-year term A; $2.4 billion seven-year term B; help fund acquisition of Federal-Mogul from Icahn Enterprises LP and refinance existing debt; Lake Forest, Ill., designer, manufacturer and marketer of ride performance and clean air products and systems for automotive and commercial vehicle original equipment markets and the aftermarket.

THOMSON REUTERS’ FINANCIAL & RISK: New debt financing; JPMorgan, Bank of America and Citigroup; help fund acquisition of a 55% stake by Blackstone, Canada Pension Plan Investment Board and GIC; data and financial technology platform.

T-MOBILE USA INC.: $11 billion senior secured credit facilities; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and RBC; $4 billion five-year revolver expected at Libor plus 125 bps, 0% Libor floor; $7 billion seven-year covenant-light term loan expected at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; refinance existing debt in connection with merger with Sprint Corp. and fund working capital needs; Bellevue, Wash., communications services company.

TRANSUNION LLC: Up to $1.4 billion of incremental term loans; Deutsche Bank, RBC, Bank of America and Capital One; help fund acquisition of Callcredit Information Group Ltd.; Chicago-based provider of information management and risk management services.

VERIFONE SYSTEMS INC.: $2.2 billion senior secured credit facilities; Credit Suisse, Barclays and RBC; $250 million revolver; $1.95 billion term loan; help fund buyout by investor group led Francisco Partners; San Jose, Calif., company that makes secure electronic payment equipment.

VETS FIRST CORP.: New debt financing; fund a special dividend in connection with spinoff of animal health business from Henry Schein Inc. and merger with Vets First Choice; animal health service and technology platform dedicated to supporting the veterinary market.

© 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.