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Safetykleen wraps €55 million add-on term loan B
By Sara Rosenberg
New York, Nov. 6 – Safetykleen (Shilton Bidco Ltd.) priced on Monday a fungible €55 million add-on term loan B due January 2027, according to a market source.
Pricing on the add-on term loan is Euribor plus 500 basis points with a 0% floor, in line with existing term loan pricing.
HSBC is the sole bookrunners on the deal. Wilmington is the agent.
Apax is the sponsor.
Safetykleen is a provider of full-service industrial parts cleaning.
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