Avantor shops $421 million term B-3, $1.17 billion term B-4 repricing

By Sara Rosenberg

New York, June 25 – Avantor Inc. is in market with a repricing of its $421 million term loan B-3 due 2024 and a repricing of its $1.172 billion term loan B-4 due 2027, according to a market source.

Price talk on the term loan B-3 is Libor plus 200 basis points with a 0.5% Libor floor and a par issue price, and talk on the term loan B-4 is Libor plus 225 bps with a 0.5% Libor floor and a par issue price, the source said.

BofA Securities Inc. is the left lead on the deal that launched with a call on Thursday.

Commitments are due at 5 p.m. ET on Wednesday, the source added.

The repricing will take the term loan B-3 and the term loan B-4 down from Libor 225 bps with a 1% Libor floor.

Avantor is a Radnor, Pa.-based provider of mission-critical products and services to customers in the life sciences and advanced technologies & applied materials industries.

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