Apleona Holding to launch €200 million term loan B on Wednesday

By Sara Rosenberg

New York, March 28 – Apleona Holding GmbH is scheduled to hold a group lender call at 5 a.m. ET on Wednesday to launch a non-fungible €200 million add-on term loan B due April 2028, according to a market source.

Citigroup Global Markets Inc. is the physical bookrunner on the deal. Deutsche Bank and UniCredit are passive bookrunners. Deutsche Bank is the administrative agent.

Price talk on the term loan is Euribor plus 475 basis points with a 0% floor and an original issue discount of 96.5 to 97.5, the source said.

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

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

Proceeds will be used to fund the acquisition of Gegenbauer Group, a Berlin-based facility management provider in Germany, and to repay existing second-lien debt.

As part of the transaction, the former shareholders of the Gegenbauer Group will become shareholders in Apleona, while PAI Partners will remain Apleona’s majority shareholder.

Closing is expected by the summer, subject to approval from antitrust authorities.

Apleona is a Neu-Isenburg, Germany-based integrated facilities management services provider.

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