Ingenico to launch €1.1 billion term loan B on Wednesday

By Sara Rosenberg

New York, Feb. 13 – Ingenico (Poseidon BidCo SAS) is set to hold a lender call at 5 a.m. ET on Wednesday, with small group sessions available on Wednesday and Thursday, to launch a €1.1 billion six-year term loan B, according to a market source.

Goldman Sachs is the left lead on the deal. HSBC Securities is the administrative agent.

Price talk on the term loan is Euribor plus 500 basis points with a 0% floor, the source said.

Original issue discount talk on the term loan is not yet available.

The term loan has 101 soft call protection for six months.

Commitments are due at 7 a.m. ET on Feb. 22, the source added.

Proceeds will be used to refinance an existing term loan and fund a shareholder distribution.

Ingenico, owned by funds managed by Apollo Global Management Inc., is a France-based provider of point-of-sale solutions, including payment terminals, cloud-based software and value-added services.

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