House of HR modifies €150 million term loan OID talk to 98.5-99

By Sara Rosenberg

New York, Dec. 5 – House of HR Group BV revised the original issue discount talk on its fungible €150 million add-on first-lien term loan due November 2029 to a range of 98.5 to 99 from a range of 98 to 98.5, according to a market source.

Pricing on the add-on term loan is Euribor plus 550 basis points with a 0% floor, in line with existing term loan pricing based on the margin ratchet.

JPMorgan and Barclays are the joint physical bookrunners on the deal. Societe Generale is a joint bookrunner. JPMorgan is the administrative agent.

Recommitments were scheduled to be due at noon ET on Tuesday, the source added.

Proceeds will be used to repay revolving credit facility borrowings, to fund the company’s near-term acquisition pipeline and to pay transaction related fees and expenses.

House of HR is a Belgium-based provider of HR solutions in key European staffing markets.

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