Eviosys launches €400 million term loan at Euribor plus 425 bps

By Sara Rosenberg

New York, Jan. 22 – Eviosys held an investor call at 7 a.m. ET on Monday to launch a €400 million first-lien incremental term loan B due August 2028 that is talked at Euribor plus 425 basis points with a 0% floor and an original issue discount of 99.75 to par, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

Expected term loan ratings are B2/B/B+.

Barclays is the sole physical bookrunner on the deal. BNP Paribas, Credit Agricole, Deutsche Bank, Intesa, MUFG, Rabobank, Raiffeisen and Unicredit are passive bookrunners. Barclays is the administrative agent.

Commitments are due at noon ET on Jan. 25, the source added.

Proceeds will be used to reprice an existing first-lien incremental term loan B down from Euribor plus 475 bps with a 0% floor.

Eviosys is a European manufacturer of metal packaging.

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