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Delachaux launches €770 million term loan B at Euribor plus 425 bps
By Sara Rosenberg
New York, Oct. 10 – Delachaux Group SA held a lender call at 4 a.m. ET on Tuesday to launch a €770 million senior secured first-lien term loan B due April 2029 that is talked at Euribor plus 425 basis points with a 0% floor and an original issue discount of 98.5 to 99, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
BNP Paribas and JPMorgan Chase Bank are the joint physical bookrunners on the deal. Credit Agricole, HSBC and Societe Generale are passive bookrunners.
Commitments are due at 7 a.m. ET on Oct. 18, the source added.
Proceeds will be used to amend and extend an existing euro term loan B due April 2026, to refinance an existing U.S. dollar term loan B due April 2026 and to pay transaction costs.
Delachaux, owned by Ande (Delachaux family) and CDPQ, is a France-based producer and distributor of transportation equipment.
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