Prosol to launch €200 million add-on term loan B on Wednesday

By Sara Rosenberg

New York, March 5 – Prosol (ZF Invest/ZF Bidco) is scheduled to hold a global lender call at 4 a.m. ET on Wednesday to launch a €200 million add-on covenant-lite term loan B due July 2028, according to a market source.

BNP Paribas Securities Corp. and Credit Agricole are the physical bookrunners on the deal. Natixis is the agent.

The margin on the add-on term loan will be the same as the existing term loan B, and the debt has a 0% floor, the source said.

Commitments are due at 7 a.m. ET on March 12.

Proceeds will be used to repay revolving credit facility borrowings and to add cash to the balance sheet to support future external growth.

Ardian is the sponsor.

Prosol is a multichannel specialized food retailer.

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