Anticimex reveals price talk on U.S., euro and Australian term loans

By Sara Rosenberg

New York, July 12 – Anticimex launched on Monday its roughly $815 million seven-year covenant-lite term loan B-1 with price talk of Libor plus 375 basis points to 400 bps with a 0.5% Libor floor and an original issue discount of 99.5, according to a market source.

The company also launched its roughly €685 million seven-year covenant-lite term loan B-2 with talk of Euribor plus 375 bps to 400 bps with a 0% floor and a discount of 99.5, and its roughly A$315 million seven-year covenant-lite term loan B-3 with talk of BBSY plus 425 bps with a 0.5% floor and a discount in the 99 area, the source said.

All of the term loans have 101 soft call protection for six months.

The three term loans total SEK16 billion equivalent.

Morgan Stanley is the left lead bookrunner on the U.S. and Australian term loans. Deutsche Bank is the left lead bookrunner on the euro term loan. Nordea and SEB are other euro physical bookrunners. DNB, Goldman Sachs, Swedbank, BofA Securities; BNP Paribas, Danske Bank and Mizuho are bookrunners.

Commitments are due at 9:30 a.m. ET on July 21.

Proceeds will be used to fund EQT Future’s acquisition of AnticimexNew TopholdingAB and refinance some existing debt.

Anticimex is a Stockholm, Sweden-based preventive pest control company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.