Safetykleen wraps €55 million add-on term loan B

By Sara Rosenberg

New York, Nov. 6 – Safetykleen (Shilton Bidco Ltd.) priced on Monday a fungible €55 million add-on term loan B due January 2027, according to a market source.

Pricing on the add-on term loan is Euribor plus 500 basis points with a 0% floor, in line with existing term loan pricing.

HSBC is the sole bookrunners on the deal. Wilmington is the agent.

Apax is the sponsor.

Safetykleen is a provider of full-service industrial parts cleaning.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.