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Dellner Couplers prices €300 million term B at Euribor plus 375 bps
By Sara Rosenberg
New York, March 19 – Dellner Couplers Group AB allocated a €300 million term loan B due June 2026 that is priced at Euribor plus 375 basis points with a 0% floor and a par issue price, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
Barclays is the physical bookrunner on the deal. Nordea is a joint bookrunner and the agent.
Proceeds will be used to reprice an existing €240 million term loan B down from Euribor plus 400 bps and to repay an existing second-lien term loan.
Dellner Couplers is a Sweden-based manufacturer of rail vehicle and other industrial components.
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