Bank Loan Calendar: $49.0255 billion deals being marketed

July Bank Meetings

COMPUWARE CORP.: Bank meeting July 30 week; new credit facilities; Jefferies; refinance debt; Detroit-based technology performance company.

DYNATRACE: Bank meeting July 23; $1.18 billion senior secured credit facilities; Jefferies; $60 million five-year revolver; $950 million seven-year first-lien term loan; $170 million eight-year second-lien term loan; refinance debt; Waltham, Mass., digital performance management company.

ELECTRO RENT CORP.: Lender call July 23; $34 million incremental covenant-light first-lien term loan due January 2024 talked at Libor plus 500 bps, 1% Libor floor, 101 soft call for six months; Deutsche Bank; help fund an acquisition; Van Nuys, Calif., provider of specialty testing and measurement equipment services.

GLOBAL BUSINESS TRAVEL HOLDINGS LTD. (AMEX GBT): Lender presentation July 24; $250 million term B; Morgan Stanley and Goldman Sachs; help fund acquisition of Hogg Robinson Group plc, repurchase some of Hogg Robinson’s debt and general corporate purposes; travel management company.

Upcoming Closings

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.

ALERA GROUP: $425 million term B (B3/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan, Barclays and BMO; refinance existing bank debt and fund acquisitions; Deerfield, Ill., insurance brokerage and wealth management firm.

ANASTASIA BEVERLY HILLS: $800 million credit facilities (B2/B/BB+); RBC, Goldman Sachs, UBS and Deutsche Bank; $150 million revolver; $650 million seven-year covenant-light term B talked at Libor plus 375 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund strategic minority investment by TPG Capital; beauty company.

AOC/ALIANCYS (COMPOSITE RESINS HOLDING BV): Expected closing late July; $510 million seven-year senior secured covenant-light term B talked at Libor plus 425 bps, 1% Libor floor, OID 98.5, 101 soft call; Citigroup, Barclays, Deutsche Bank, Rabobank and Jefferies; fund acquisition of AOC LLC by CVC Capital Partners and merger of AOC with a portion of the Aliancys company, and refinance existing debt; manufacturer of resins.

AUTHENTIC BRANDS GROUP LLC (ABG INTERMEDIATE HOLDINGS 2 LLC): $100 million in incremental term loans; Bank of America, Barclays and KeyBanc; $70 million incremental covenant-light first-lien term loan (B) due Sept. 29, 2024 at Libor plus 350 bps, 1% Libor floor, OID 99.75, 101 soft call through Oct. 30; $30 million incremental covenant-light second-lien term loan (CCC+) due Sept. 29, 2025 at Libor plus 775 bps, 1% Libor floor, OID 99.75, call protection 102, 101; help fund acquisition of Nine West and Bandolino brands; New York-based acquirer and manager of consumer brands in the fashion, sports and celebrity/entertainment sectors.

BALL METALPACK: $665 million credit facilities; Goldman Sachs (left on first-lien), Bank of America (left on second-lien), Deutsche Bank, Credit Suisse, Mizuho and Stifel; $125 million five-year ABL revolver; $375 million seven-year first-lien term loan (B1/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $165 million eight-year second-lien term loan (B3/CCC+) talked at Libor plus 850 bps to 875 bps, 1% Libor floor, OID 98.5, call protection 102, 101; fund formation of the company via a joint venture between Ball Corp. and Platinum Equity Capital Partners; manufacturer of tinplate food and aerosol cans.

BBB INDUSTRIES LLC (GC EOS BUYER INC.): $900 million credit facilities; UBS; $100 million ABL revolver; $620 million seven-year covenant-light first-lien term loan (B3/B-) at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call; $180 million eight-year covenant-light second-lien term loan (Caa2/CCC) at Libor plus 850 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Genstar Capital; Daphne, Ala., remanufacturer of automotive products.

BMC SOFTWARE: $4.775 billion equivalent credit facilities (B2/B); Credit Suisse, Goldman Sachs, Jefferies, KKR, Macquarie, Mizuho and Barclays; $400 million five-year revolver, 0% Libor floor; $3.3 billion seven-year term B at Libor plus 425 bps, 0% Libor floor, OID 99, 101 soft call; €930 million ($1 billion equivalent) seven-year term B at Euribor plus 475 bps, 0% floor, OID 99, 101 soft call; help fund buyout by KKR from investor group led by Bain Capital Private Equity and Golden Gate Capital; Houston-based provider of software solutions for the digital enterprise.

BOMGAR: Expected closing July 25; $115 million incremental first-lien term loan (B2/B-) due April 17, 2025 at Libor plus 400 bps, 0% Libor floor, OID 99.5; Jefferies and Golub; help fund acquisition of Avecto; provider of remote support and privileged access management solutions to enterprise customers.

CALIFORNIA CRYOBANK LIFE SCIENCES (GI CHILL ACQUISITION LLC): $612 million credit facilities; Golub; $40 million revolver (B2/B-); $410 million covenant-light first-lien term loan (B2/B-) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $162 million privately placed second-lien term loan; help fund combination of Cord Blood Registry and California Cryobank and buyout by GI Partners; Los Angeles-based donor reproductive tissue banking and umbilical cord blood/tissue stem cell collection and storage company.

CEVA LOGISTICS FINANCE BV: $400 million seven-year first-lien term loan (B1/BB-) talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Credit Suisse and HSBC; help refinance existing debt; Switzerland-based third-party logistics company.

CLEARESULT: $660 million credit facilities; Goldman Sachs (left on first-lien), UBS (left on second-lien), Credit Suisse and KeyBanc; $85 million revolver (B1/B); $425 million 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; $150 million second-lien term loan (Caa1/CCC+) talked at Libor plus 750 bps to 775 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by TPG Growth and The Rise Fund from General Atlantic; Austin, Texas, provider of energy efficiency solutions for utility companies.

CONSOLIDATED PRECISION PRODUCTS CORP. (WP CPP HOLDINGS LLC): $439 million of incremental senior secured term loans; Morgan Stanley, Antares, ING and HSBC; $273 million incremental covenant-light first-lien term B (B2/B) due April 2025 talked at Libor plus 375 bps, 1% Libor floor, OID 99.5; $166 million incremental covenant-light second-lien term loan (Caa2/CCC+) due April 2026 talked at Libor plus 775 bps, 1% Libor floor, OID 99; fund acquisition of Selmet Inc.; Cleveland-based manufacturer of engineered components and subassemblies primarily for the commercial aerospace, defense and industrial gas turbine markets.

EAGLEVIEW TECHNOLOGY CORP.: $850 million senior secured credit facilities; Morgan Stanley, Barclays, Credit Suisse, Goldman Sachs and Macquarie; $85 million five-year revolver; $535 million seven-year covenant-light first-lien term B talked at Libor plus 375 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; $230 million pre-placed second-lien term loan; support significant new equity investment by Clearlake Capital Group LP; Bothell, Wash., provider of aerial imagery and property data analytics.

FIRSTLIGHT FIBER (FLIGHT BIDCO INC.): $560 million credit facilities; UBS, TD Securities, Jefferies, Credit Agricole, Natixis and RBC; $55 million five-year revolver (B2/B-); $415 million seven-year first-lien term B (B2/B-) at Libor plus 350 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $90 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 buyout by Antin Infrastructure Partners from Oak Hill Capital Partners IV; Albany, N.Y., fiber-optic bandwidth infrastructure services provider.

FRANKLIN SQUARE HOLDINGS: $450 million seven-year term B (Ba1) talked at Libor plus 275 bps to 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; refinance term A and general corporate purposes; Philadelphia-based investment 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.

GLOBALLOGIC HOLDINGS INC.: $600 million of term loans (B2/B+); JPMorgan; $525 million seven-year term loan talked at Libor plus 350 bps to 375 bps, 25 bps step-down at 3.9x first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; $75 million delayed-draw term loan talked at Libor plus 350 bps to 375 bps, 25 bps step-down at 3.9x first-lien net leverage, 0% Libor floor, OID 99.5; help fund acquisition by Partners Group of Apax Partners’ stake and refinance existing debt; San Jose, Calif., digital product engineering services provider.

GPS HOSPITALITY: $395 million credit facilities; UBS; $55 million revolver (Ba3/B+); $340 million seven-year first-lien term loan (B3/B-) talked at Libor plus 500 bps, 0% Libor floor, OID 99, 101 soft call; refinance existing debt; Atlanta-based Burger King and Popeyes Louisiana Kitchen franchisee.

HORIZON GLOBAL CORP.: $50 million add-on term loan (CCC) talked at Libor plus 550 bps to 600 bps, 1% Libor floor, OID 99; JPMorgan; repay ABL revolver borrowings; Troy, Mich., manufacturer of branded towing and trailering equipment.

ION TRADING FINANCE LTD.: $2.1 billion equivalent senior secured incremental covenant-light first-lien term loan ($1.32 billion U.S. and €670 million euro) (B) at Libor plus 400 bps/Euribor plus 325 bps, 1% floor, OID 99.75, 101 soft call for six months; UBS; help fund acquisition of Fidessa Group plc; also increasing pricing on existing term loans to match incremental pricing; software provider of trading, treasury and workflow solutions.

LIFESCAN GLOBAL CORP.: $1.75 billion in term loans; Bank of America, Deutsche Bank, Goldman Sachs, Jefferies, Credit Suisse, Barclays and RBC; $1.475 billion six-year covenant-light first-lien term loan (B2/B+) at Libor plus 600 bps, 0% Libor floor, OID 97, 101 soft call; $275 million seven-year covenant-light second-lien term loan (Caa1/B) at Libor plus 950 bps, 0% Libor floor, OID 96, non-call one, 102, 101; fund buyout by Platinum Equity from Johnson & Johnson; marketer of blood glucose monitoring products with headquarters in Chesterbrook, Pa., and Zug, Switzerland.

MIDCOAST (AL MIDCOAST HOLDINGS LLC): $600 million seven-year first-lien term B (BB-/BB) at Libor plus 550 bps, 0% Libor floor, OID 99, 101 soft call for six months; Credit Suisse, Barclays and MUFG; fund buyout by ArcLight Capital Partners LLC from Enbridge Inc.; provider of natural gas and natural gas liquids services.

MITEL: $1.48 billion senior secured credit facilities; Credit Suisse, BMO and TD Securities; $100 million revolver (B2/B); $1.12 billion seven-year first-lien term loan (B2/B) at Libor plus 450 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $260 million eight-year second-lien term loan (Caa2/CCC+) at Libor plus 875 bps, 0% Libor floor, OID 98, call protection 103, 102, 101; help fund buyout by Searchlight Capital Partners LP; Ottawa-based provider of communications software solutions.

MW INDUSTRIES: $30 million add-on first-lien term loan talked at Libor plus 350 bps, 0% Libor floor, OID 99.75; RBC; fund an acquisition and repay revolver borrowings; Rosemont, Ind., designer and manufacturer of springs and other specialty engineered metal components for diverse end markets.

NAUTILUS POWER LLC: Expected closing late August; $85 million add-on term B due May 16, 2024 at Libor plus 425 bps, 1% Libor floor, OID 99.875; Morgan Stanley, Credit Suisse and Goldman Sachs; help fund the acquisition of Rock Springs units 1 & 2 from Old Dominion Electric Cooperative; Massachusetts-based wholesale power generation and marketing company.

NAVIHEALTH INC.: $525 million credit facilities (B-); Barclays, Morgan Stanley, MUFG, Credit Suisse, Bank of America, Deutsche Bank and Natixis; $100 million five-year revolver; $425 million seven-year first-lien term loan talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; fund a joint investment in the company by Clayton, Dubilier & Rice and Cardinal Health Inc.; Brentwood, Tenn., manager of post-acute benefits for health plans and a value-based care partner to health systems and providers.

NAVISTAR FINANCIAL CORP.: $400 million seven-year term B (B-/B+) talked at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; general corporate purposes and fund a distribution to shareholders; Lisle, Ill., manufacturer and seller of commercial and military trucks, buses and diesel engines and a provider of service parts for trucks and trailers.

NEXT LEVEL APPAREL (YS GARMENTS INC.): $380 million credit facilities (B2/B); BNP Paribas; $50 million revolver at Libor plus 600 bps, step-down to Libor plus 550 bps when leverage is less than 3x, 1% Libor floor, OID 99; $330 million term loan at Libor plus 600 bps, step-down to Libor plus 550 bps when leverage is less than 3x, 1% Libor floor, OID 99, 101 soft call; help fund buyout by Blue Point Capital Partners; Gardena, Calif., apparel company.

NOVOLEX (FLEX ACQUISITION CO. INC.): $1.4 billion seven-year incremental first-lien term loan (B1/B) at Libor plus 325 bps, leverage-based step-down, 0% Libor floor, OID 99.75, 101 soft call for six months; Credit Suisse, JPMorgan, Deutsche Bank, Jefferies, Goldman Sachs, Citigroup and Morgan Stanley; fund acquisition of Waddington Group from Newell Brands Inc.; Hartsville, S.C., packaging company.

OMNIA PARTNERS INC.: $149.5 million in add-on term loans; Barclays, Ares, Jefferies and Fifth Third; $123.5 million add-on first-lien term loan talked at Libor plus 375 bps, step-down to Libor plus 350 bps, 0% Libor floor, OID 99.25 to 99.5; $26 million pre-placed add-on second-lien term loan; fund a permitted acquisition; Franklin, Tenn., group purchasing organization.

PHI INC.: $600 million three-year term B at Libor plus 750 bps, OID 98.5, non-call one, 102, 101; UBS; redeem notes, pay down and retire revolver, and general corporate purposes; Lafayette, La., provider of helicopter aviation services to the oil and gas sector, and aviation and clinical services to air medical markets.

PLH GROUP: $260 million credit facilities; Barclays and KeyBanc; $60 million 4.5-year ABL revolver; $200 million five-year senior secured first-lien term loan (B2/B+) talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt and fund a distribution to shareholders; Irving, Texas, full service specialty contractor serving the electric power and pipeline industries.

POWERSCHOOL GROUP LLC: $1.26 billion credit facilities; Barclays (left on first-lien), Credit Suisse (left on second-lien), Macquarie, Ares, Golub and Jefferies; $120 million five-year revolver (B2/B-); $775 million seven-year first-lien term loan (B2/B-) at Libor plus 325 bps, step-down to Libor plus 300 bps at first-lien net leverage of 4.25x, 0% Libor floor, OID 99.75, 101 soft call for six months; $365 million privately placed eight-year second-lien term loan (Caa2/CCC) at Libor plus 675 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Onex Corp. and Vista Equity Partners; Folsom, Calif., education technology platform for K-12 schools.

PROFRAC SERVICES LLC: $250 million five-year senior secured term B (B3/B) talked at Libor plus 450 bps, step-ups and step-downs based on total net leverage, 1% Libor floor, OID 99.5, 101 soft call; Barclays; refinance existing debt, partially repay perpetual preferred stock and general corporate purposes; Fort Worth, Texas, oil and gas services company.

PSAV: $125 million add-on first-lien term loan (B2/B-) due March 2025 talked at Libor plus 325 bps, 1% Libor floor, OID 98.75, 101 soft call for six months; Goldman Sachs; support buyout by Blackstone from Goldman Sachs and Olympus Partners; Long Beach, Calif., event technology provider.

QUALITY DISTRIBUTION (GRUDEN ACQUISITION INC.): $60 million incremental first-lien term loan (B-) due Aug. 18, 2022 talked at Libor plus 550 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; Jefferies; fund acquisition of an intermodal company and repay ABL revolver borrowings; Tampa, Fla., operator of a dedicated bulk tank network.

SAVAGE ENTERPRISES LLC: $1.5 billion senior secured credit facilities; Morgan Stanley, Wells Fargo, PNC and Citigroup; $400 million ABL revolver; $1.1 billion seven-year term B (B1/B+) at Libor plus 450 bps, 0% Libor floor, OID 98, 101 soft call; fund purchase of Bartlett and Co.; Salt Lake City-based supply chain provider.

SIMPLISAFE INC.: $250 million credit facility; Capital One; help fund acquisition of a controlling stake by Hellman & Friedman; provider of internet-based security services.

SIRVA WORLDWIDE INC.: $610 million credit facilities; Barclays, Deutsche Bank and Bank of America; $60 million five-year revolver (B1/B+); $415 million seven-year first-lien term loan (B1/B+) at Libor plus 550 bps, 0% Libor floor, OID 98.5, 101 soft call; $135 million eight-year second-lien term loan (Caa1/B-) at Libor plus 925 bps, 0% Libor floor, OID 97.5, call protection 102, 101; help fund buyout by Madison Dearborn Partners from Aurora Resurgence and Equity Group Investments and concurrent acquisition of Team Relocation; Oakbrook Terrace, Ill., relocation and moving service provider.

SIVANTOS GROUP (AURIS LUXEMBOURG III SARL): €990 million equivalent U.S. seven-year covenant-light term B (B2/B+) talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan (left on U.S.), Deutsche Bank (left on euro) and Goldman Sachs; also €1.7 billion seven-year covenant-light term B (B2/B+) talked at Euribor plus 375 bps to 400 bps, 0% floor, OID 99.5, 101 soft call for six months; €200 million 6.5-year revolver (B2/B+); fund merger with Widex and refinance existing debt; Lynge, Denmark, and Singapore-based manufacturer and wholesaler of hearing aid devices.

SPRING EDUCATION GROUP (SSH GROUP HOLDINGS INC.): $800 million credit facilities; Macquarie; $40 million revolver (B2/B-); $535 million 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; $225 million second-lien term loan (Caa2/CCC) talked at Libor plus 825 bps to 850 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund acquisitions of Nobel Learning Communities Inc. and California schools of LePort Montessori; provider of pre-K through 12 grade education.

STETSON MIDSTREAM: $1 billion senior secured term B (Ba3/B+/BB-) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 98.5, 101 soft call for six months; Goldman Sachs, Barclays, Bank of America, RBC and Credit Suisse; fund the acquisition of equity interests in ENLK, ENLC and EnLink Midstream Manager; diversified U.S. midstream platform.

TECHNIMARK LLC: $325 million credit facilities; Antares and Credit Suisse; $50 million five-year revolver; $275 million seven-year covenant-light term loan talked at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; Asheboro, N.C., manufacturer of high-value injection-molded components.

TENNECO: $4.9 billion credit facilities (Ba2/BB/BB+); JPMorgan and Barclays; $1.5 billion five-year revolver; $1.7 billion five-year term A; $1.7 billion seven-year term B at Libor plus 275 bps, 25 bps step-up if corporate ratings are lower than Ba3/BB-, 0% Libor floor, OID 99, 101 soft call for six months; 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.

UNITED SITE SERVICES (USS ULTIMATE HOLDINGS INC.): $175 million of incremental term loans; Bank of America, Morgan Stanley, Jefferies, Goldman Sachs and Deutsche Bank; $125 million incremental covenant-light first-lien term loan (B2/B) due Aug. 25, 2024 talked at Libor plus 375 bps, step-down to Libor plus 350 bps when corporate ratings are B2/B or better, 1% Libor floor, OID 99.5, 101 soft call for six months; $50 million incremental covenant-light second-lien term loan due Aug. 25, 2025 talked at Libor plus 775 bps, step-down to Libor plus 750 bps when corporate ratings are B2/B or better, 1% Libor floor, OID 99.25; replenish cash funds, fund acquisitions currently under letters of intent and add cash to the balance sheet to support additional near-term acquisition activity; Westborough, Mass., provider of portable restrooms, temporary fence and related site services.

VALTRIS SPECIALTY CHEMICALS (POLYMER ADDITIVES INC.): $405 million in term loans; Deutsche Bank and RBC; $300 million seven-year covenant-light first-lien term loan (B3/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99, 101 soft call for six months; $105 million eight-year covenant-light second-lien term loan (Caa2/CCC+) talked at Libor plus 850 bps to 875 bps, 0% Libor floor, OID 98, call protection 102, 101; fund the potential purchase of certain assets from Ineos and refinance existing debt; Independence, Ohio, manufacturer of specialty chemicals.

VERRA MOBILITY INC.: $70 million incremental covenant-light term B (B2) due March 1, 2025 at Libor plus 375 bps, 0% Libor floor, OID 99.875, 101 soft call for six months; Bank of America; refinance some second-lien term loan debt as part of the agreement to merge with Gore Holdings II; Mesa, Ariz., provider of tech-enabled smart transportation solutions.

VETCOR PROFESSIONAL PRACTICES LLC: $830 million senior secured credit facilities; Jefferies and Golub; $50 million five-year revolver (B2/B); $450 million seven-year first-lien term loan (B2/B) talked at Libor plus 300 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $95 million pre-placed delayed-draw first-lien term loan (B2/B); $195 million eight-year pre-placed second-lien term loan (Caa2/CCC+), call protection 102, 101; $40 million pre-placed delayed-draw second-lien term loan (Caa2/CCC+); help fund buyout by Oak Hill Capital Partners; Hingham, Mass., owner and operator of veterinary hospitals.

WESTINGHOUSE ELECTRIC CO. (BROOKFIELD WEC HOLDINGS INC.): $3.08 billion in term loans; Credit Suisse (left on first-lien), Goldman Sachs (left on second-lien), Deutsche Bank, BMO, RBC, Barclays and Credit Agricole; $2.63 billion seven-year first-lien term loan (B2/B/BB-) talked at Libor plus 375 bps to 400 bps, 0.75% Libor floor, OID 99, 101 soft call for six months; $450 million eight-year second-lien term loan (Caa1/B-/CCC+) talked at Libor plus 750 bps, 0.75% Libor floor, OID 98.5, non-call one, 103, 102, 101; help fund acquisition by Brookfield Business Partners LP; Cranberry Township, Pa., provider of technology and infrastructure services to a nuclear reactor fleet.

WORLD TRIATHLON CORP.: $271 million credit facilities (B2/B); UBS; $21 million revolver; $250 million seven-year term loan talked at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; refinance existing debt; owner and operator of Ironman triathlon events.

WORLDSTRIDES: $85 million add-on senior secured term B (B1/B) due December 2024 talked at Libor plus 400 bps, step-down to Libor plus 375 bps at 5.1x first-lien net leverage, 1% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs; fund acquisition of Envision; Charlottesville, Va., educational student travel and study abroad organization.

On The Horizon

AFFINION INSURANCE SOLUTIONS: New debt financing; Jefferies; help fund buyout by Mill Point Capital from Affinion Group LLC; Franklin, Tenn., business services platform with expertise in the distribution, marketing and administration of a broad range of simplified, guaranteed-issue insurance products.

ALLIED UNIVERSAL: New debt; help fund acquisition of U.S. Security Associates; Santa Ana, Calif., contract security services company.

ALTRA INDUSTRIAL MOTION CORP.: $1.64 billion senior secured credit facilities; Goldman Sachs; $300 million revolver; $1.34 billion seven-year term B; 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.

CENTRIFY: New financing; Golub; help fund buyout by Thoma Bravo from venture capital investors; Santa Clara, Calif., next-generation Identity & Access Management platform.

CETERA FINANCIAL GROUP: $1.115 billion credit facilities; UBS, Deutsche Bank, Goldman Sachs, SunTrust, Antares and Jefferies; $100 million revolver; $775 million first-lien term loan; $240 million second-lien term loan; help fund buyout by Genstar Capital; El Segundo, Calif., network of financial advisors.

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.

ENVISION HEALTHCARE CORP.: $5.9 billion senior secured credit facilities; Credit Suisse, Citigroup, Morgan Stanley, Barclays, Goldman Sachs, Jefferies, UBS, RBC, HSBC and Mizuho; $550 million asset-based revolver expected at Libor plus 150 bps, 0% Libor floor; $300 million five-year revolver expected at Libor plus 300 bps, 0% Libor floor; $5.05 billion seven-year term B expected at Libor plus 300 bps, 0% Libor floor; help fund buyout by KKR; Nashville, Tenn., provider of physician-led services and post-acute care, and ambulatory surgery services.

GRAY TELEVISION INC.: $2.525 billion incremental term loan; Wells Fargo; help fund acquisition of Raycom Media Inc. and refinance certain debt at Raycom; Atlanta-based television broadcast company.

INTERFACE INC.: $465 million senior secured incremental term loan due Aug. 8, 2022; Bank of America and JPMorgan; help fund acquisition of nora systems from Intermediate Capital Group; Atlanta-based commercial flooring 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.

NCI BUILDING SYSTEMS INC./PLY GEM PARENT LLC: $690 million in incremental loans; Credit Suisse and RBC; $475 million incremental term loan; $215 million incremental asset-based revolver; refinance existing NCI bank debt in connection with merger with Ply Gem; Cary, N.C., exterior building products company.

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.

SI GROUP: New debt financing; JPMorgan, HSBC, Deutsche Bank and Bank of America; help fund buyout by SK Capital Partners from descendants of W. Howard Wright and combination with Addivant; Schenectady, N.Y., developer and manufacturer of performance additives and intermediates.

SUNSOURCE HOLDINGS INC.: $300 million of incremental bank debt; Barclays, Credit Suisse and Deutsche Bank; $75 million incremental ABL revolver; $295 million incremental first-lien term loan; help fund acquisition of United Distribution Group Inc.; Addison, Ill., distributor of fluid power and fluid process components and systems.

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.

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.

VERSCEND TECHNOLOGIES INC.: New debt financing; JPMorgan; help fund acquisition of Cotiviti Holdings Inc.; provider of payment accuracy and analytics-driven solutions.

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.

WEB.COM GROUP INC.: New debt financing; Morgan Stanley, RBC and Macquarie; help fund buyout by Siris Capital Group LLC and refinance existing debt; Jacksonville, Fla., provider of Internet services and online marketing solutions.

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