Bank Loan Calendar: $20.387 billion deals being marketed

Upcoming Closings

ACTIVE MINERALS INTERNATIONAL LLC: $120 million term loan talked at Libor plus 500 bps to 525 bps, 0% Libor floor, OID 99, 101 soft call for six months; Societe Generale and BNP Paribas; support recently completed buyout by Golden Gate Capital from Merit Capital Partners; Sparks, Md., producer and distributor of specialty industrial minerals, including kaolin and gel quality attapulgite clay minerals.

APOLLO INFRA EQUITY US HOLDCO LLC: $360 million credit facilities (Ba2/BB); RBC, Goldman Sachs and BMO; $35 million revolver; $50 million letter-of-credit facility; $275 million seven-year term B at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund Apollo Global Management LLC’s acquisition of a portfolio of predominantly equity investments in energy assets from GE Capital’s Energy Financial Services unit.

AVALIGN HOLDINGS INC. (ATI MERGER SUB INC.): $325 million credit facilities; KeyBanc and ING; $35 million revolver (B2/B-); $200 million seven-year first-lien term B (B2/B-) talked at Libor plus 450 bps, OID 99; $90 million privately placed second-lien term loan; help fund buyout by Linden Capital from Arlington Capital Partners; Bannockburn, Ill., manufacturer of implants and instruments, specialty instrumentation, cutting instruments, and delivery systems to the orthopedic medical device and specialty surgical markets.

BEP ULTERRA HOLDINGS INC.: $415 million seven-year covenant-light term B (B2/B-) talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Wells Fargo and Barclays; help fund buyout by the Blackstone Group LP from American Securities LLC; Fort Worth, Texas, pure-play supplier of polycrystalline diamond compact drill bits to the oil and gas industry.

BERLIN PACKAGING LLC: $60 million incremental first-lien term loan (B3/B-) due Nov. 7, 2025 at Libor plus 300 bps, 0% Libor floor, OID 96; Jefferies; fund acquisition by Oak Hill Fund IV, Canada Pension Plan Investment Board and other co-investors from Oak Hill Fund III; Chicago-based hybrid packaging supplier.

BOJANGLES’ INC.: Expected closing Jan. 7; $425 million credit facilities; Citigroup (left on first-lien), KKR (left on second-lien), KeyBanc and Fifth Third; $50 million revolver (B2/B); $300 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $75 million eight-year covenant-light second-lien term loan (Caa2/CCC+) talked at Libor plus 850 bps, 0% Libor floor, OID 98, call protection 102, 101; help fund buyout by Durational Capital Management LP and Jordan Co. LP; Charlotte, N.C., restaurant operator and franchisor.

C&D TECHNOLOGIES INC.: $400 million seven-year covenant-light first-lien term B (B3/B-) talked at Libor plus 500 bps area, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; Bank of America, Credit Suisse, ING and KeyBanc; help fund acquisition of Trojan Battery Co. LLC from Charlesbank Capital Partners and refinance existing debt; Blue Bell, Pa., manufacturer and servicer of industrial lead acid batteries and battery systems.

CALLAWAY GOLF CO.: $480 million seven-year covenant-light term B (Ba3/BB-) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; Bank of America and JPMorgan; fund acquisition of Jack Wolfskin; Carlsbad, Calif., manufacturer and seller of golf clubs and golf balls, and seller of bags, accessories and apparel in the golf and lifestyle categories.

CAMBIUM LEARNING GROUP INC.: $500 million credit facilities; RBC, Deutsche Bank, Barclays and BMO; $50 million revolver (B2/B-/BB); $320 million first-lien term loan (B2/B-/BB) talked at Libor plus 450 bps, OID 99.5, 101 soft call for six months; $130 million second-lien term loan (Caa2/CCC/CCC+) talked at Libor plus 850 bps, OID 99, call protection 102, 101; help fund buyout by Veritas Capital; Dallas-based educational technology solutions company.

CARESTREAM HEALTH INC.: $1.092 billion of term loans; Credit Suisse; $720 million first-lien term loan (B1) due Feb. 28, 2021 talked at Libor plus 575 bps, 25 bps step-down if corporate ratings are B3/B-, 1% Libor floor, 101 hard call for life; $372 million second-lien term loan (Caa2) due June 7, 2021 talked at Libor plus 950 bps plus 100 bps of PIK interest effective on Dec. 31, 2019, June 30, 2020 and Dec. 31, 2020, 1% Libor floor, 101 hard call through Feb. 29, 2020, 102 hard call through June 30, 2020 and 103 hard call thereafter; amendment and extension; Rochester, N.Y., provider of medical imaging products and IT solutions.

CONVERGEONE HOLDINGS INC.: $1.525 billion senior secured credit facilities; Wells Fargo leading ABL; Deutsche Bank (left on first-lien), UBS (left on second-lien), Citigroup, Macquarie and Societe Generale leading term loans; $250 million five-year ABL revolver; $925 million seven-year covenant-light first-lien term loan (B2/B-) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $350 million eight-year covenant-light second-lien term loan (Caa2/CCC) talked at Libor plus 825 bps to 850 bps, 0% Libor floor, OID 98.5, call protection 102, 101; help fund buyout by CVC Fund VII; Eagan, Minn., IT and managed services provider of collaboration and technology solutions.

CPV SHORE HOLDINGS LLC: $545 million senior secured credit facilities (Ba2/BB); Morgan Stanley, MUFG and Credit Agricole; $120 million five-year revolver; $425 million seven-year term B talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99 to 99.5, 101 soft call for six months; refinance existing term loan and fund a distribution to the sponsors; part owner of Woodbridge Energy Center, a 725 MW combined cycle, natural gas-fired facility in Middlesex County, N.J.

DAWN ACQUISITION LLC: Expected closing Dec. 31; $600 million credit facilities (B2/BB-); Barclays, Deutsche Bank and BNP Paribas; $50 million five-year revolver; $550 million seven-year first-lien term B at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; help fund acquisition of AT&T’s data center colocation operations and assets by Brookfield Infrastructure; full service colocation provider.

DEALER TIRE LLC: $975 million seven-year covenant-light term B (B) at Libor plus 550 bps, 0% Libor floor, OID 95, 101 soft call; JPMorgan, Credit Suisse, PNC, SunTrust and US Bank; help fund buyout by Bain Capital Private Equity from Lindsay Goldberg LLC; Cleveland-based distributor of replacement tires and parts for automotive OEMs and their dealers.

ELO TOUCH SOLUTIONS: $360 million seven-year covenant-light first-lien term loan (B2/B+) at Libor plus 650 bps, 0% Libor floor, OID 95, soft call 102, 101; Goldman Sachs, Citizens and MidCap; help fund buyout by Crestview Partners from the Gores Group; Milpitas, Calif., information and communications technology services and solutions provider.

EQUITRANS MIDSTREAM CORP.: $600 million five-year senior secured term B (Ba3/BB/BB) talked at Libor plus 400 bps to 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; Goldman Sachs, Barclays, Citigroup and Guggenheim; fund the acquisition of outstanding public equity interests in EQGP Holdings LP and general corporate purposes; provider of midstream services in the Appalachian Basin.

EXCELITAS TECHNOLOGIES CORP.: $80 million incremental first-lien term loan talked at Libor plus 350 bps, 1% Libor floor, OID 96.5 to 97; JPMorgan; fund an acquisition; Waltham, Mass., optoelectronics provider to military and defense customers and commercial original equipment manufacturers.

EXTREME REACH INC.: $440 million credit facilities; SunTrust, Credit Suisse and KKR; $30 million revolver (Ba2/BB-); $410 million term B (B2/B-) talked at Libor plus 625 bps to 650 bps, 0% Libor floor, OID 98.5 to 99, call protection 102, 101; refinance existing bank debt; Needham, Mass., video platform for integrated TV, online and mobile advertising.

FR BR HOLDINGS: $500 million five-year senior secured term B (B3/B-/B-) talked at Libor plus 575 bps to 600 bps, 0% Libor floor, OID 99, 101 soft call; Goldman Sachs, Barclays and RBC; help fund First Reserve’s acquisition of a 50% interest in Blue Racer Midstream LLC from Dominion Energy and general corporate purposes; Dallas-based midstream company.

GRAY TELEVISION INC.: $1.6 billion of bank debt; Wells Fargo, Bank of America, Deutsche Bank, JPMorgan and RBC; $200 million five-year revolver; $1.4 billion seven-year incremental covenant-light term B (Ba2/BB/BB+) at Libor plus 250 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; help fund acquisition of Raycom Media Inc. and refinance certain debt; Atlanta-based television broadcast company.

IMPERVA INC.: $1.15 billion senior secured credit facilities; Bank of America (left on first-lien), Goldman Sachs (left on second-lien), Citigroup, Jefferies, Macquarie and KKR; $100 million revolver (B2/B-/B+); $760 million seven-year covenant-light first-lien term loan (B2/B-/B+) at Libor plus 400 bps, step-down to Libor plus 375 bps when consolidated first-lien net leverage is 3.5x, 0% Libor floor, OID 99.5, 101 soft call for six months; $290 million eight-year covenant-light second-lien term loan (Caa2/CCC/CCC+) at Libor plus 775 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Thoma Bravo LLC; Redwood Shores, Calif., provider of best-in-class cybersecurity solutions on-premises, in the cloud and across hybrid environments.

JOSTENS INC. (CHAMP ACQUISITION CORP.): $900 million of term loans; Bank of America, Deutsche Bank, BMO, Goldman Sachs and Stifel; $750 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 475 bps, 0% Libor floor, OID 99; $150 million eight-year covenant-light second-lien term loan (Caa1/CCC+) talked at Libor plus 875 bps, 0% Libor floor, OID 98; help fund buyout by Platinum Equity from Newell Brands; Minneapolis-based provider of yearbooks, class jewelry and other scholastic products to schools.

KLEINFELDER GROUP INC.: $175 million credit facilities; BNP Paribas; $25 million revolver; $115 million first-lien term B talked at Libor plus 475 bps, 1% Libor floor, OID 99, 101 soft call for six months; $35 million second-lien term loan talked at Libor plus 875 bps, 1% Libor floor, OID 98, call protection 102, 101; help fund buyout by Wind Point Partners; San Diego-based engineering, construction management, design and environmental professional services firm.

KNOWLTON DEVELOPMENT CORP.: $600 million credit facilities; UBS, Guggenheim and Jefferies; $75 million five-year revolver; $525 million seven-year first-lien term loan (B2/B+) at Libor plus 425 bps, 0% Libor floor, OID 99, 101 soft call for six months; help fund buyout by Cornell Capital; Quebec-based manufacturer of health and beauty-care products.

KORE WIRELESS GROUP INC.: $370 million senior secured credit facilities; UBS; $30 million five-year revolver (B2/B); $250 million seven-year first-lien term loan (B2/B) talked at Libor plus 500 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $90 million eight-year second-lien term loan (Caa2/CCC) talked at Libor plus 875 bps, 0% Libor floor, OID 99, call protection 102, 101; refinance existing debt and fund an acquisition; Alpharetta, Ga., wireless network data provider.

LATHAM POOL PRODUCTS INC.: $245 million credit facilities (B2/B+); Nomura; $30 million five-year revolver; $215 million seven-year covenant-light term B talked at Libor plus 600 bps, 0% Libor floor, OID 98, 101 soft call; fund buyout by Pamplona and Wynnchurch, and refinance existing debt; Latham, N.Y., designer and manufacturer of residential in-ground swimming pools and related accessories.

META SPECIAL AEROSPACE: $150 million term loan (including $20 million delayed-draw tranche) talked at Libor plus 475 bps to 500 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; SunTrust; refinance existing debt and for a capex buildout in 2019; Oklahoma City-based aerospace and defense company.

PAR PACIFIC HOLDINGS INC.: $250 million seven-year senior secured covenant-light term B (B1/BB-) talked at Libor plus 575 bps to 600 bps, 0% Libor floor, OID 99, call protection 102, 101; Goldman Sachs; help fund acquisition of U.S. Oil & Refining Co.; Houston-based owner and operator of energy and infrastructure businesses.

PLASKOLITE LLC: $950 million credit facilities; Goldman Sachs and Morgan Stanley; $100 million revolver (B2/B); $660 million seven-year covenant-light first-lien term loan (B2) talked at Libor plus 400 bps to 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; $190 million privately placed covenant-light second-lien term loan; help fund buyout by PPC Partners from Charlesbank Capital Partners; Columbus, Ohio, provider of transparent thermoplastic sheet products.

PRIORITY PAYMENT SYSTEMS: $130 million add-on term B (including $70 million delayed-draw tranche) talked at Libor plus 500 bps, 1% Libor floor, OID 99.5; SunTrust; fund acquisitions and repay revolver borrowings; Alpharetta, Ga., payment technology company.

PURE FISHING: $740 million credit facilities; RBC; $125 million ABL revolver; $435 million first-lien term loan talked at Libor plus 425 bps, OID 99, 101 soft call for six months; $180 million privately placed second-lien term loan; help fund buyout by Sycamore Partners from Newell Brands; designer, marketer, and wholesaler of fishing equipment including rods, reels, combos, line and bait.

QUAD/GRAPHICS INC.: $700 million term loan B (B2/BB-) talked at Libor plus 425 bps to 450 bps, 0% Libor floor, OID 99; JPMorgan; refinance existing debt in connection with acquisition of LSC Communications Inc.; Sussex, Wis., marketing solutions provider.

ROCKET SOFTWARE INC.: $1.685 billion credit facilities; Credit Suisse, Barclays, Citigroup, Deutsche Bank, Goldman Sachs, RBC and SunTrust; $125 million revolver (B1/B); $1.3 billion seven-year covenant-light first-lien term loan (B1/B) at Libor plus 425 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $260 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 825 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Bain Capital Private Equity from Court Square Capital Partners; Waltham, Mass., provider of enterprise infrastructure software.

TECTA AMERICA CORP.: $435 million credit facilities (B3); Credit Suisse, UBS and RBC; $60 million revolver; $375 million seven-year covenant-light first-lien term loan talked at Libor plus 450 bps, 0% Libor floor, OID 99, 101 soft call; help fund buyout by Altas Partners from ONCAP; Rosemont, Ill., provider of critical commercial roofing services.

TRICORBRAUN HOLDINGS INC.: $67 million incremental term loan due November 2023 talked at Libor plus 375 bps, 1% Libor floor, OID 99.03; Antares Capital; fund a planned acquisition and pay down revolver borrowings; St. Louis-based provider of rigid packaging products.

VANTAGE SPECIALTY CHEMICALS HOLDINGS INC.: Expected closing mid-December; $88 million add-on first-lien term B due October 2024 at Libor plus 350 bps, 1% Libor floor, OID 98; Morgan Stanley and RBC; fund the acquisition of Leuna Tenside Holding GmbH from BIP Venture Partners and VR Equitypartner GmbH; Chicago-based manufacturer and distributor of specialty chemicals.

WESTERN DENTAL SERVICES: $145 million add-on term B talked at Libor plus 450 bps, 1% Libor floor, OID 99; RBC, Deutsche Bank and BMO; fund the acquisition of Access Dental Services and South Texas Dental; Orange, Calif., dental services organization.

XO MANAGEMENT HOLDING (XOJET): $210 million three-year first-lien term B at Libor plus 575 bps, 0% Libor floor, OID 93, 102 hard call for one year; JPMorgan and Jefferies; help fund buyout by Vista Global; Brisbane, Calif., on demand private aviation platform.

On The Horizon

ATHENAHEALTH INC.: Up to $4.86 billion senior secured credit facilities; JPMorgan, Deutsche Bank, Bank of America, Barclays, Natixis, PSP Investments, Ares and KKR; help fund buyout by Veritas Capital and Evergreen Coast Capital and merger with Virence Health; Watertown, Mass., provider of network-enabled services for hospital and ambulatory customers.

CALPINE CORP.: $600 million of bank loans; help fund capital expenditures related to the Geysers geothermal project in Northern California; San Jose, Calif., power generator.

COLFAX CORP.: New term loans; JPMorgan and Credit Suisse; help fund acquisition of DJO Global Inc.; Annapolis Junction, Md., diversified technology company.

COMMSCOPE INC.: Up to $6.25 billion of bank debt; JPMorgan, Bank of America and Deutsche Bank; $750 million ABL revolver expected at Libor plus 150 bps, 0% Libor floor; up to $5.5 billion seven-year senior secured incremental covenant-light first-lien term loan B-2 expected at Libor plus 250 bps, 25 bps step-down at first-lien leverage of 0.5 times less than closing first-lien leverage, 0% Libor floor, 101 soft call for six months; help fund acquisition of Arris International plc; Hickory, N.C., provider of infrastructure services for communication networks.

DUN & BRADSTREET CORP.: $3.53 billion senior secured credit facilities; Bank of America, Citigroup and RBC; $400 million revolver; $3.13 billion term loan; help fund buyout by an investor group led by CC Capital, Cannae Holdings and Thomas H. Lee Partners LP; Short Hills, N.J., provider of commercial data and analytics.

E.W. SCRIPPS CO.: $525 million seven-year incremental senior secured term B; Wells Fargo; fund acquisition of 15 television stations from Cordillera Communications; Cincinnati-based broadcasting and digital media company.

FLEETPRIDE: $1.07 billion credit facilities; Barclays; $225 million ABL revolver; $620 million first-lien term loan; $225 million second-lien term loan; help fund buyout by American Securities from TPG Capital; Irving, Texas, distributor of aftermarket heavy-duty truck and trailer parts.

GEOSTABILIZATION INTERNATIONAL: $150 million term loan; UBS and KKR; help fund buyout by KKR from CAI Capital Partners; Grand Junction, Colo., provider of geotechnical maintenance services for critical infrastructure.

GETTY IMAGES INC.: New loans; help refinance balance sheet in connection with acquisition by Getty family from Carlyle Group; visual communications company.

JOHNSON CONTROLS’ POWER SOLUTIONS: New debt financing; Barclays, Credit Suisse, JPMorgan, Bank of America, BMO, CIBC, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, RBC, Scotia and TD; help fund acquisition by Brookfield Business Partners L.P. and Caisse de dépôt et placement du Québec; producer of batteries for automakers and aftermarket distributors and retailers.

KOFAX: New debt financing; help fund acquisition of Nuance Document Imaging from Nuance Communications Inc.; Irvine, Calif., provider of software solutions and services across multi-channel capture and financial process automation markets.

MKS INSTRUMENTS INC.: $650 million seven-year incremental covenant-light term loan expected at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Barclays and HSBC; help fund acquisition of Electro Scientific Industries Inc.; Andover, Mass., provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes.

MPM HOLDINGS INC. (MOMENTIVE): New debt financing; help fund acquisition by SJL Partners LLC, KCC Corp. and Wonik QnC Corp.; Waterford, N.Y., silicones and advanced materials company.

NEXSTAR MEDIA GROUP INC.: $4.1 billion senior secured incremental term loans; Bank of America, Credit Suisse and Deutsche Bank; $500 million incremental term A; $3.6 billion incremental term B; help fund acquisition of Tribune Media Co.; Irving, Texas, diversified media 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.

STAPLES INC.: New debt financing; Wells Fargo; help fund acquisition of Essendant Inc.; Framingham, Mass., retailer of office supplies.

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.

TIVITY HEALTH INC.: $1.335 billion senior secured credit facilities; Credit Suisse; $125 million revolver; $1.21 billion term loan; help fund acquisition of Nutrisystem Inc.; Franklin, Tenn., provider of fitness and health improvement programs.

TRANSDIGM INC.: $3.7 billion of term loans; help fund acquisition of Esterline Technologies Corp.; Cleveland-based designer, producer and supplier of highly engineered aircraft components for use on commercial and military aircraft.

TRAVELPORT WORLDWIDE LTD.: New debt financing; Bank of America, Deutsche Bank, Macquarie, Credit Suisse and Barclays; help fund buyout by Siris Capital Group LLC and Evergreen Coast Capital Corp.; Langley, U.K., travel technology company.

UNIVAR INC.: $1.325 billion senior secured incremental term loan; Goldman Sachs; help fund acquisition of Nexeo Solutions Inc. and refinance Nexeo debt; Downers Grove, Ill., distributor of industrial and specialty chemicals.

US FOODS HOLDING CORP.: $1.5 billion seven-year incremental senior secured term loan; JPMorgan and Bank of America; help fund acquisition of SGA’s Food Group of Companies; Rosemont, Ill., food company and foodservice distributor.

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.

VICTORY CAPITAL HOLDINGS INC.: $1.495 billion senior secured credit facilities; Barclays and RBC; $100 million five-year revolver expected at Libor plus 350 bps, 0% Libor floor; $1.395 billion seven-year covenant-light first-lien term loan expected at Libor plus 350 bps, one 25 bps step-down based on leverage, 0% Libor floor, 101 soft call for six months; refinance existing credit facilities, and fund acquisitions of USAA Asset Management Co. and Harvest Volatility Management LLC; Brooklyn, Ohio, asset management firm.

VIRTU FINANCIAL INC.: $1.5 billion seven-year term loan; Jefferies and RBC; help fund acquisition of Investment Technology Group Inc. and refinance existing term loan; New York-based technology-enabled market maker and liquidity provider to the financial markets.

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