Delachaux Group finalizes €770 million term loan B at 98.5 OID

By Sara Rosenberg

New York, Oct. 19 – Delachaux Group SA firmed the original issue discount on its €770 million senior secured first-lien term loan B due April 2029 (B2/B) at 98.5, the wide end of the 98.5 to 99 talk, according to a market source.

Pricing on the term loan remained at Euribor plus 425 basis points with a 0% floor.

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

BNP Paribas and JPMorgan Chase Bank are the joint physical bookrunners on the deal. Credit Agricole, HSBC and Societe Generale are passive bookrunners.

The term loan freed to trade on Thursday, 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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