EG Group telegraphs new senior secured debt offering

By Abigail W. Adams

Portland, Me., Oct. 31 – EG Group announced plans to offer new senior secured debt as it launched a fungible $500 million-equivalent dollar- and euro-denominated add-on to its senior secured term loan B due February 2028, according to a market source.

The lender call for the term loan add-on is scheduled for Wednesday with management meetings to take place on Thursday and Friday and commitments due by Nov. 9.

Barclays, JPMorgan Chase Bank and BofA Securities Inc. are the physical bookrunners for the term loan. Goldman Sachs, HSBC Securities, ING, Lloyds, Morgan Stanley Senior Funding Inc., Rabobank, SMBC and UBS Investment Bank are joint bookrunners.

Proceeds from the term loan and senior secured debt offering will be used to partially refinance the company’s remaining 2025 and 2026 debt maturities.

EG Group is a Blackburn, U.K.-based convenience retail and fuel station company.

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