Anticimex readies launch of $402 million term loan B for Tuesday

By Sara Rosenberg

New York, April 1 – Anticimex Inc. is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch a $402 million covenant-lite term loan B due November 2028, according to a market source.

Deutsche Bank Securities Inc. is the sole physical bookrunner on the deal. BNP Paribas Securities Corp., Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., Nordea and SEB are joint bookrunners. DNB is the Nordic bookrunner. Global Loan Agency Services Ltd. is the agent.

Price talk on the term loan is SOFR plus 375 basis points with a 0.5% floor and an original issue discount of 99.75, the source said.

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

Commitments are due at 2 p.m. ET on April 9, the source added.

Proceeds will be used to repay revolving credit facility borrowings, for general corporate purposes and to reprice an existing $202 million term loan B-5.

Anticimex is a Stockholm-based preventive pest control company.

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