Europa University allocates €60 million add-on term loan B

By Sara Rosenberg

New York, Dec. 4 – Europa University Education Group SLU allocated on Monday a fungible €60 million add-on term loan B due November 2029, according to a market source.

Pricing on the term loan is Euribor plus 450 basis points.

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

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

Pro forma for the transaction, the term loan B is sized at €540 million.

Europa University is a private higher education group in Iberia.

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