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Evernex completes syndication of €257 million credit facilities
By Sara Rosenberg
New York, Oct. 7 – Evernex allocated its €257 million of credit facilities that are split between a €75 million revolver and a €182 million term loan B, according to a market source.
Pricing on the term loan B is Euribor plus 425 basis points with an original issue discount of 99.5, the source said.
The loan includes a net leverage covenant.
Bank of Ireland, BNP Paribas, HSBC, ING and SMBC acted as the bookrunners and mandated lead arrangers on the deal.
Proceeds are being used to support 3i’s investment in the company.
Evernex is a Paris-based provider of third-party maintenance services for data centre infrastructure.
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