Rovensa launches €387 million term loan at Euribor plus 525 bps

By Sara Rosenberg

New York, Sept. 14 – Rovensa launched on Wednesday its non-fungible €387 million term loan due September 2027 with price talk of Euribor plus 525 basis points with an original issue discount of 94 to 95, according to a market source.

BNP Paribas and HSBC are the global coordinators and physical bookrunners on the deal. Credit Agricole, Mizuho, Rabobank, ING and Societe Generale are joint bookrunners. BNP is the agent.

Commitments are due at 5 a.m. ET on Sept. 23.

Proceeds will be used to fund the acquisition of Cosmocel, a Monterrey, Mexico-based manufacturer of specialty biostimulants and high-tech products for agriculture.

Rovensa is a Portugal-based provider of bionutrition, biocontrol and crop protection solutions for sustainable agriculture.

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