Anticimex sets Monday lender call for SEK 16 billion equivalent loan

By Paul A. Harris

Portland, Ore., July 9 – Stockholm-based pest control company Anticimex scheduled a lender call for 9:30 a.m. ET on Monday for SEK 16 billion equivalent (approximately €1.57 billion) of covenant lite term loan B paper coming in three tranches, according to a market source.

Initial indications have the deal coming as follows:

• An approximately $815 million (approximately SEK 7 billion equivalent) term loan B1;

• An approximately €685 million equivalent (approximately SEK 7 billion equivalent) term loan B2; and

• An approximately A$315 million equivalent (approximately SEK 2 billion equivalent) term loan B3.

All tranches come with six months of soft call protection at 101.

Commitments are due on July 21.

Deutsche Bank is the left bookrunner for the euro-denominated tranche. Morgan Stanley is the left bookrunner for the dollar- and Australian dollar-denominated tranches.

Nordea and SEB are physical bookrunners for the euro-denominated tranche.

Other bookrunners are DNB, Goldman Sachs, Swedbank, BofA, BNP Paribas, Danske Bank and Mizuho.

Proceeds will be used to finance EQT Future's acquisition of Anticimex New Topholding AB and to refinance certain debt of the target and its subsidiaries.

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