Anticimex wraps $200 million term loan B at SOFR plus 475 bps

By Sara Rosenberg

New York, Oct. 28 – Anticimex Inc. placed a non-fungible $200 million incremental senior secured covenant-lite term loan B due November 2028 priced at SOFR+10 basis points CSA plus 475 bps with a 25 bps step-down at 5x first-lien net leverage, a 0.5% floor and an original issue discount of 95, according to a market source.

The incremental term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Morgan Stanley Senior Funding Inc. is the bookrunner on the deal. Global Loan Agency Services Ltd. is the agent.

Proceeds will be used to repay revolving credit facility drawings and for general corporate purposes, including funding of potential future acquisitions.

Closing is expected on Nov. 18.

Anticimex is a Stockholm-based preventive pest control company.

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