Anticimex launches $367 million term loan B-7 at SOFR plus 350 bps

By Sara Rosenberg

New York, April 10 – Anticimex Inc. launched on Wednesday a $367 million covenant-lite term loan B-7 due November 2028 that is talked at SOFR plus 350 basis points with a 0.5% floor and a par issue price, according to a market source.

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

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.

Commitments are due at noon ET on Friday, the source added.

Proceeds will be used to reprice an existing $367 million term loan B-4.

The term loan B-7 will be consolidated into the company’s recently priced $402 million covenant-lite term loan B-6 due November 2028 at closing at the company’s discretion.

Anticimex is a Stockholm-based preventive pest control company.

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