Meilleurtaux prices €60 million add-on term loan B at par issue price

By Sara Rosenberg

New York, Feb. 7 – Meilleurtaux (Mistral Holdco SAS) priced on Wednesday a fungible €60 million senior secured add-on covenant-lite term loan B due December 2027 at Euribor plus 400 basis points with a 0% floor and a par issue price, according to a market source.

Pricing on the term loan is subject to a margin ratchet.

BNP Paribas and Nomura are the joint active bookrunners on the deal. BNP Paribas is the agent.

Proceeds will be used to repay revolving credit facility borrowings, for general corporate purposes and to pay transaction costs and expenses.

Pro forma for the transaction, the term loan B will total €420 million.

Silver Lake is the sponsor.

Meilleurtaux is a marketplace for financial services, savings, insurance and mortgage solutions in France.

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