Bank Loan Calendar: $83.604 billion deals being marketed

May Bank Meetings

RODAN & FIELDS, LLC; Bank meeting May 23; new credit facility; Citigroup Global Markets Inc.; San Francisco producer of premium skincare products.

Upcoming Closings

24 HOUR FITNESS WORLDWIDE INC.: $970 million senior secured credit facilities (Ba3/B+); Morgan Stanley, Bank of America, Barclays, RBC and Citizens; $120 million five-year revolver; $850 million seven-year covenant-light first-lien term B talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt and backstop, cash collateralize and/or replace existing letters of credit; San Ramon, Calif., fitness-club operator.

ADS TACTICAL INC.: $250 million seven-year covenant-light term B (B3/B) at Libor plus 525 bps, 1% Libor floor, OID 99, 101 hard call; 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.

ADVANCED COMPUTER SOFTWARE: $733 million equivalent senior secured credit facilities; Morgan Stanley and Goldman Sachs; $50 million revolver; $341 million covenant-light first-lien term loan due May 31, 2024 talked at Libor plus 500 bps to 525 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; £244 million covenant-light first-lien term loan due May 31, 2024 talked at Libor plus 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; U.K.-based provider of software and IT services.

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.

APPLE LEISURE GROUP: $950 million covenant-light first-lien term loan (B3/B) due March 2024 talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse, KKR, Deutsche Bank, JPMorgan and Bank of America; refinance existing debt and fund an acquisition; Philadelphia-based hospitality company.

ASHLAND LLC: Expected closing May 22; $595.5 million senior secured covenant-light term B due May 2024 at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Citigroup; repricing; Covington, Ky., specialty chemicals company.

ATOTECH BV: $200 million add-on term B due Jan. 31, 2024 at Libor plus 300 bps; talked at 99.75 to par, 1% Libor floor; Barclays and JPMorgan; help fund a distribution to shareholders; manufacturer of specialty plating chemicals and equipment.

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 at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; $814 million covenant-light term T due Jan. 6, 2021 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: $1.075 billion credit facilities; Deutsche Bank, SunTrust, RBC and Bank of America; $475 million six-year term B (Caa1/B) at Libor plus 800 bps, 1% Libor floor, OID 96, 101 hard call for two years; $550 million ABL revolver at Libor plus 125 bps; $50 million ABL FILO term loan at Libor plus 525 bps; fund exit from Chapter 11 and refinance existing debt; Jacksonville, Fla., supermarket chain.

BLACKHAWK NETWORK HOLDINGS INC.: $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 (B1/B); $1.35 billion seven-year covenant-light first-lien term loan (B1/B) at Libor plus 300 bps, 25 bps step down at 4x gross first-lien leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; $400 million eight-year covenant-light second-lien term loan (Caa1/CCC+) talked at Libor plus 700 bps, 0% Libor floor, OID 99, 101 hard call; help fund buyout by Silver Lake and P2 Capital Partners; Pleasanton, Calif., financial technology company.

BOMBARDIER RECREATIONAL PRODUCTS INC.: $900 million seven-year covenant-light term B at Libor plus 200 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): Expected closing May 21 week; $950 million credit facilities; Jefferies and RBC; $50 million super-priority revolver; $900 million seven-year first-lien term loan (B2/B/BB-) 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.

CHG HEALTHCARE SERVICES INC.: Expected closing June 8; $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.

COMMERCEHUB INC.: Expected closing May 21; $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.

COREL CORP.: $260 million credit facilities (B2/B); UBS; $10 million revolver; $250 million term loan (B2/B-) talked at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; refinance existing debt and fund a dividend; Ottawa-based software company.

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 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, 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.

DENTAL CORP. OF CANADA INC.: $925 million credit facilities; Jefferies; $50 million revolver (B2/B-); $500 million seven-year first-lien term loan (B2/B-) talked at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $125 million seven-year delayed-draw first-lien term loan (B2/B-) talked at Libor plus 375 bps, 0% Libor floor, OID 99.5; $200 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 750 bps, 0% Libor floor, OID 99, call protection 102, 101; $50 million eight-year delayed-draw second-lien term loan (Caa2/CCC) talked at Libor plus 750 bps, 0% Libor floor, OID 99; fund acquisition by L Catterton; network of general and specialist dental clinics in Canada.

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.

EPIC Y-GRADE SERVICES LP: $690 million credit facilities; UBS and Deutsche Bank; $40 million five-year super-priority revolver (Ba3); $650 million seven-year term B (B3/B) talked at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call for six months; fund buildout of EPIC Y-Grade Pipeline from the Permian and Eagle Ford Basins to Corpus Christi, Texas.

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.

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.

GENERAC POWER SYSTEMS INC.: $879 million term B due May 2023 talked at Libor plus 175 bps, 0.75% Libor floor, 101 soft call for six months; JPMorgan; repricing; Waukesha, Wis., designer and manufacturer of generators.

GFL ENVIRONMENTAL INC.: Expected closing May 31; $905 million seven-year senior secured covenant-light term B (including $100 million delayed-draw tranche) (Ba3/BB-) at Libor plus 275 bps, 1% Libor floor, OID 99.75, 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 (B2/BB-) at Libor plus 275 bps, 0% Libor floor, 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: $1.295 billion credit facilities (B2/B); Goldman Sachs, Barclays, Nomura, Antares, Credit Suisse, RBC and Jefferies; $150 million revolver; $1.145 billion seven-year senior secured first-lien term loan at Libor plus 300 bps, 0% Libor floor, OID 99.75, 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.: Expected closing May 21 week; $845 million credit facilities; Barclays, Jefferies, Citizens, MUFG and Credit Suisse; $150 million asset-based revolver due 2023; $530 million seven-year senior secured term B (B2/B+) due 2025 at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $165 million delayed-draw term loan (B2/B+) due 2025 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.

INSIGHT GLOBAL (IG INVESTMENTS HOLDINGS LLC): $1.083 billion seven-year first-lien term loan (B2/B) at Libor plus 350 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.

INTEGRATED DEVICE TECHNOLOGY INC.: $198 million term B due April 2024 talked at Libor plus 250 bps, 0% Libor floor, OID 99.875 to par, 101 soft call for six months; JPMorgan; repricing; San Jose, Calif., developer of mixed-signal semiconductor solutions.

INTERIOR LOGIC GROUP HOLDINGS IV LLC: $400 million seven-year covenant-light term B (B2/B) at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Bank of America, Deutsche Bank, Jefferies, Credit Suisse, RBC and SunTrust; 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.: $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.

JBS USA LUX SA: $450 million term loan due Oct. 30, 2022 talked at Libor plus 250 bps to 275 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; Barclays, BMO, RBC, SunTrust and U.S. Bank; repay revolver borrowings and general corporate purposes; Greeley, Colo., animal protein products processing company.

KEANE GROUP HOLDINGS LLC: $350 million seven-year senior secured term loan (B3/BB-) at Libor plus 375 bps, step-down to Libor plus 350 bps, and step-ups to Libor plus 400 bps, Libor plus 425 bps and Libor plus 450 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.

KRATON LLC: Expected closing May 24; $90 million add-on term loan (Ba3/BB) at Libor plus 250 bps, 1% Libor floor; JPMorgan; help fund notes tender offer; Houston-based producer of engineered polymers and styrenic block copolymers.

L&W INC. (AUTOKINITON US HOLDINGS INC.): $525 million credit facilities; Goldman Sachs, Bank of America, Barclays, RBC and KKR; $75 million ABL revolver; $450 million seven-year first-lien term loan (B2/B+) at Libor plus 400 bps, 0% Libor floor, OID 99.5, 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.

LAS VEGAS SANDS LLC: $1 billion incremental senior secured term loan B (//BBB) talked at Libor plus 175 bps, 0% Libor floor, OID 99.5 to 99.75; Scotia, Barclays, Bank of America, BNP Paribas, Citigroup, Fifth Third; general corporate purposes; Las Vegas-based developer and operator of integrated resorts.

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.

LUMILEDS (BRIGHT BIDCO BV): $300 million incremental covenant-light term B (B) due June 30, 2024 talked at Libor plus 350 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Deutsche Bank, Credit Suisse, ING and Rabobank; fund a dividend and add cash to the balance sheet; San Jose, Calif., supplier of LED components and automotive lighting.

MICHAELS STORES INC.: $2.226 billion term B due January 2023 talked at Libor plus 225 bps to 250 bps, 1% Libor floor, 101 soft call for six months; JPMorgan; repricing; Irving, Texas, arts & crafts specialty retailer.

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 (B3/B-); 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.

MRC GLOBAL INC.: $399 million covenant-light term B due September 2024 talked at Libor plus 275 bps to 300 bps, 0% Libor floor, 101 soft call for six months; JPMorgan; repricing; Houston-based distributor of pipe, valve, fittings and related products and services to the energy industry.

NATIONAL RESPONSE CORP.: $398 million credit facilities (B3); BNP Paribas; $40 million five-year revolver talked at Libor plus 525 bps, $358 million six-year covenant-light term B talked at Libor plus 525 bps, 1% Libor floor, OID 99, 101 soft call for six months; fund merger with Sprint Energy Services LLC, refinance existing debt and fund a dividend; Great River, N.Y., provider of specialized environmental and maritime services.

NAVICO: $253.5 million senior secured term loan due March 2023 talked at Libor plus 450 bps to 475 bps, step-downs following a qualified IPO based on leverage, 1% Libor floor, 101 soft call for six months; Goldman Sachs; repricing; Egersund, Norway, manufacturer of marine electronics.

NETSMART INC.: $812.5 million in term loans; Golub and KKR; $645.5 million covenant-light first-lien term loan (including $167.5 million incremental) (B-) due April 2023 talked at Libor plus 375 bps, 1% Libor floor, OID 99.75 on incremental; $167 million covenant-light second-lien term loan due October 2023 talked at Libor plus 775 bps, 1% Libor floor; fund an acquisition and reprice existing first-and second-lien term loans; Overland Park, Kan., IT company focused on health and human services.

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.: Expected closing May 23; $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) at Libor plus 375 bps, step-down to Libor plus 350 bps at 4.5x first-lien leverage, 0% Libor floor, OID 99.75, 101 soft call for six months; $145 million eight-year second-lien term loan (Caa2/CCC+) at Libor plus 750 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.

ON SEMICONDUCTOR CORP.: $1.205 billion covenant-light term B due March 2023 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; Phoenix-based semiconductor company.

OPEN TEXT CORP.: $1 billion seven-year term B talked at Libor plus 175 bps, 0% Libor floor, OID 99.75 to par, 101 soft call for six months; Barclays; refinance existing bank debt; Waterloo, Ont., software provider of business-to-business cloud integration services.

ORTHO-CLINICAL DIAGNOSTICS: $2.675 billion credit facilities (B1/B-); Barclays, Goldman Sachs, JPMorgan, ING, UBS, Credit Suisse, Citigroup, Macquarie, RBS, Bank of Ireland and Nomura; $350 million five-year revolver; $2.325 billion seven-year term B talked at Libor plus 325 bps, step-down to Libor plus 300 bps upon a qualified IPO, 0% Libor floor, OID 99.5 to 99.75, 101 soft call for six months; refinance existing credit facilities; Raritan, N.J., provider of in-vitro diagnostics solutions for screening, diagnosing and monitoring diseases.

PAYSAFE: Roughly $800 million equivalent incremental term loans (B2/B); Credit Suisse; $530 million incremental term loan due January 2025 at Libor plus 350 bps, 1% Libor floor, OID 99.25, 101 soft call through July 3, 2018; €230 million incremental term loan due January 2025 at Euribor plus 325 bps, 0% floor, OID 99.25, 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.

PLANTRONICS: $1.375 billion secured credit facilities (Ba1/BB); Wells Fargo; $100 million revolver; $1.275 billion seven-year covenant-light term B talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of Polycom, refinance existing debt and general corporate purposes; Santa Cruz, Calif., audio communications company.

PLAYA HOTELS & RESORTS NV: Expected closing June 7; $1.004 billion (including $100 million add-on) covenant-light term B (B2/B+) due April 2024 at Libor plus 275 bps, 1% Libor floor, OID 99.75 on add-on, 101 soft call for six months; Deutsche Bank, Bank of America, Citigroup and Nomura; support acquisition of five all-inclusive resorts from Sagicor Group Jamaica Ltd. and repricing; owner, operator and developer of all-inclusive resorts.

QUEST/ONE IDENTITY: $1.795 billion in term loans; Credit Suisse; $1.465 billion seven-year first-lien term loan (B2/B+) at Libor plus 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $330 million eight-year second-lien term loan (Caa2/B-) at Libor plus 825 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.

REECE GROUP: $1.14 billion seven-year term B (Ba1/BB+) talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; help fund acquisition of Morsco from Advent International; Australia-based provider of plumbing, HVAC and waterworks products.

RENAISSANCE LEARNING: $1.12 billion credit facilities; Barclays, Jefferies, Macquarie, BMO and Nomura; $80 million five-year revolver (B2/B-); $730 million seven-year first-lien term loan (B2/B-) at Libor plus 325 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $310 million eight-year second-lien term loan (Caa2/CCC) at Libor plus 700 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Francisco Partners from Hellman & Friedman and its other stockholders; Wisconsin Rapids, Wis., pre-K–12 learning analytics company.

SAFE FLEET HOLDINGS LLC: $80 million add-on senior secured first-lien term loan (B-) due Feb. 1, 2025 talked at Libor plus 300 bps, step-down to Libor plus 275 bps at 6.25x net total leverage, 1% Libor floor, OID 99.5; Goldman Sachs, UBS and Morgan Stanley; mergers & acquisitions; Belton, Mo., provider of safety and productivity solutions for fleet vehicles.

SECURUS TECHNOLOGIES HOLDINGS INC.: $375 million incremental covenant-light first-lien term loan (B2/B) due November 2024 at Libor plus 450 bps, 1% Libor floor, OID 99.75, 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.

SONICWALL: $627 million in term loans; UBS, Credit Suisse and SunTrust; $452 million first-lien term loan (B2/B-) at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $175 million second-lien term loan (Caa2/CCC+) 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.

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.: $1.73 billion credit facilities; Bank of America, Barclays, UBS, Credit Suisse, Goldman Sachs, Nomura and RBC; $400 million ABL revolver; $1.33 billion seven-year covenant-light term B (B3/B) at Libor plus 325 bps, 25 bps step-down at 0.5x inside closing net first-lien leverage, 0% Libor floor, OID 99.75, 101 soft call for six months; help fund buyout by Leonard Green & Partners LP from Berkshire Partners; McKinney, Texas, roofing products distributor.

TCW GROUP: $599 million term B talked at Libor plus 175 bps, 0% Libor floor, OID 99.875 to par; JPMorgan; repricing; Los Angeles-based asset management firm that specializes in fixed-income, world equity and alternative markets.

TEKNI-PLEX INC.: $65 million incremental covenant-light first-lien term loan (B3/B-) due October 2024 talked at Libor plus 325 bps, 25 bps leverage-based step-down, 1% Libor floor, OID 99.5, 101 soft call through October; Credit Suisse; fund a tuck-in acquisition; King of Prussia, Pa., provider of specialty packaging solutions.

TRINSEO SA: Expected closing May 28 week; $697 million covenant-light term B due September 2024 (Ba2/BB+) at Libor plus 200 bps, 0% Libor floor, 101 soft call for six months; Deutsche Bank and Citigroup; repricing; Berwyn, Pa., materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber.

TRUCK HERO INC.: $859 million term loan talked at Libor plus 350 bps to 375 bps, 0% Libor floor, 101 soft call for six months; Jefferies; repricing; Ann Arbor, Mich., provider of truck bed covers and other truck and Jeep accessories.

UNITYMEDIA FINANCE LLC: $600 million five-year covenant-light term B talked at Libor plus 200 bps, 25 bps step-up after two years, 0% Libor floor, OID 99.75 to 99.875, 101 soft call for six months; Deutsche Bank, BNP Paribas, Citigroup, Credit Suisse and Goldman Sachs; refinance notes and general corporate purposes; Germany-based provider of cable television, internet, fixed-line telephony and mobile services.

VALEANT PHARMACEUTICALS INTERNATIONAL INC.: $5.765 billion credit facilities (Ba3/BB-/BB-); Barclays, Goldman Sachs, JPMorgan, Citigroup, Morgan Stanley, DNB, Deutsche Bank and RBC; $1.2 billion revolver; $4.565 billion senior secured term B at Libor plus 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; Laval, Quebec, specialty pharmaceutical company.

VERTAFORE INC.: $2.365 billion credit facilities; Nomura, Guggenheim and Macquarie; $100 million five-year revolver (B2/B-); $1.6 billion seven-year first-lien term B (B2/B-) talked at Libor plus 325 bps to 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $665 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 700 bps to 725 bps, 0% Libor floor, OID 99, call protection 102, 101; refinance existing debt and fund a distribution to shareholders; Bothell, Wash., provider of software and information to the insurance distribution channel.

VICI PROPERTIES INC.: $2.5 billion credit facilities; Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Barclays; $400 million revolver; $2.1 billion first-lien term loan due Dec. 22, 2024 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; repricing; Las Vegas-based real estate investment trust that owns gaming, hospitality and entertainment destinations.

VISTEON CORP.: Expected closing May 28 week; $350 million senior secured covenant-light term B due March 24, 2024 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Citigroup, Bank of America and Sumitomo Mitsui; repricing; Van Buren Township, Mich., designer and manufacturer of cockpit electronics products and connected car solutions for vehicle manufacturers.

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.

VISUAL COMFORT GROUP INC. (VC GB HOLDINGS INC.): $595 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 325 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Deutsche Bank; refinance existing first-and second-lien term loans; decorative lighting company.

WASTE INDUSTRIES USA LLC (WRANGLER BUYER LLC): $1.058 billion (including $170 million incremental) term B (B1/B) talked at Libor plus 275 bps, step-down to Libor plus 250 bps at first-lien net leverage of 4x, 0% Libor floor, 101 soft call for six months; Barclays; repricing and fund acquisitions and/or to repay revolver borrowings related to such acquisitions; Raleigh, N.C., provider of non-hazardous solid waste collection, transfer, recycling and disposal services.

WYNDHAM WORLDWIDE CORP. (WYNDHAM DESTINATIONS INC.): $300 million seven-year covenant-light term loan (Ba2/BB-/BB+) talked at Libor plus 225 bps to 250 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; Bank of America, JPMorgan, Barclays, Deutsche Bank, Credit Suisse, Wells Fargo, SunTrust, Scotia, MUFG and U.S. Bank; repay some revolver borrowings; Parsippany, N.J., vacation ownership and exchange company.

ZEBRA TECHNOLOGIES CORP.: $875 million senior secured covenant-light term B due Oct. 27, 2021 talked at Libor plus 175 bps, 0.75% Libor floor, 101 soft call for six months; Morgan Stanley and JPMorgan; repricing; Lincolnshire, Ill., provider of marking and printing technologies.

ZEKELMAN INDUSTRIES: $909 million senior secured term loan (B1/BB-) due June 2021 talked at Libor plus 200 bps to 225 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs; repricing; Chicago-based manufacturer of industrial steel pipe and tubular products.

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.: $1.75 billion senior secured credit facilities; JPMorgan and Barclays; $400 million revolver; $200 million term A; $1.15 billion term B; 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: $1.48 billion senior secured credit facilities; Credit Suisse, BMO and TD Securities; $100 million revolver; $1.02 billion first-lien term loan; $360 million second-lien term loan; 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.

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, RBC, BNP Paribas, Commerzbank, Credit Agricole, TD Securities and Wells Fargo on revolver; Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and RBC on term loan; $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.

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