Synthon launches €360 million term loan B at Euribor plus 450 bps

By Sara Rosenberg

New York, Oct. 20 – Synthon launched on Wednesday a €360 million seven-year term loan B (B2/B) with price talk of Euribor plus 450 basis points with a 0% floor and an original issue discount of 99, according to a market source.

Barclays is the physical bookrunner on the deal.

Proceeds will be used to refinance existing debt.

Synthon is a Nijmegen, the Netherlands-based producer of generic drugs.

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