Unit4 launches €175 million add-on to June 2028 loan at Euribor plus 350 bps, OID in 98 area

By Paul A. Harris

Portland, Ore., April 22 – Unit4 Group Holding BV launched a €175 million fungible add-on to its first-lien term loan B due June 2028 (B3/B-/B+) on Monday, according to a market source.

The maturity, the 350 basis points spread to Euribor and the 0% floor are identical to the original loan.

The add-on paper is being offered in the 98 area (97.75 to 98.25).

Commitments are due at noon ET on Thursday.

Administrative agent JPMorgan is the sole physical bookrunner. Mizuho is the passive bookrunner.

The Netherlands-based enterprise software company plans to use the proceeds to partially repay its HoldCo PIK facility.

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