Flint Group prices €150 million term loan B-4 at Euribor plus 325 bps

By Sara Rosenberg

New York, Dec. 8 – Flint Group (Flint Digital Solutions Holdings BV) priced a €150 million covenant-light term loan B-4 due September 2021 at Euribor plus 325 basis points with a 1% floor and an original issue discount of 98.5, according to a market source.

Deutsche Bank Securities Inc., Barclays, Goldman Sachs and Morgan Stanley Senior Funding Inc. are the joint bookrunners on the deal.

Proceeds will be used to fund the acquisition of Xeikon, a Netherlands-based digital-printing technology company.

Closing is expected on Dec. 31, the source added.

Flint is a Luxembourg-based supplier of inks and other print consumables.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.