Boels Topholding to repay term loan and revolver with notes proceeds

By Sara Rosenberg

New York, Sept. 5 – Boels Topholding BV plans to partially repay and cancel its existing term loan B and repay in full amounts drawn under its revolving credit facility using proceeds from a €400 million senior secured notes offering, according to a market source.

Remaining proceeds from the notes will be used to pay fees and expenses in connection with the transaction and to fund cash on the balance sheet.

Boels is a Pan-European rental equipment provider.

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