Verisure Holding seeks up to €350 million incremental term loan B

By Sara Rosenberg

New York, March 6 – Verisure Holding AB plans to raise an up to €350 million incremental senior term loan B, according to a news release.

Proceeds will be used to repay in full a €280 million equivalent B2 tranche denominated in Swedish krona priced at Stibor plus 4.25 basis points with a 1% floor and amounts outstanding under an existing €300 million revolver.

The existing credit facilities also include a €1,265,000,000 B1-C tranche priced at Euribor plus 3.25 bps with a 0.5% floor.

Verisure is a Malmo, Sweden-based provider of professionally monitored alarms and connected services.

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