Europa University prices €480 million term B at Euribor plus 450 bps

By Sara Rosenberg

New York, Oct. 23 – Europa University Education Group SLU priced and allocated a €480 million term loan B due November 2029 on Monday, according to a market source.

Pricing on the term loan is Euribor plus 450 basis points with a 0% floor and an original issue discount of 98, the source said.

The term loan has 101 soft call protection for six months.

Ratings are private, the source added.

BNP Paribas is the sole bookrunner and agent on the deal.

Proceeds will be used to extend existing loans, to fund a shareholder distribution, and to pay transaction fees and expenses.

Europa University is a private higher education group in Iberia.

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