Delachaux firms $200 million term loan B at Libor plus 450 bps

By Sara Rosenberg

New York, March 29 – Delachaux Group SA set pricing on its $200 million term loan B at Libor plus 450 basis points, the wide end of the Libor plus 425 bps to 450 bps talk, according to a market source.

Additionally, the original issue discount on the term loan was changed to 98.5 from 99.5, the source said.

The term loan still has a 0% Libor floor.

The company’s credit facilities (B2) also include a €75 million revolving credit facility and a €678 million term loan B.

BNP Paribas, Credit Agricole, CIB, Deutsche Bank, HSBC and Societe Generale are the leads on the deal.

Proceeds will be used to refinance existing debt and to fund an acquisition.

Delachaux is a France-based provider of mission-critical engineered solutions.

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