Unit4 prices upsized €200 million first-lien term loan B add-on

Chicago, April 26 – Unit4 Group Holding BV finalized terms on an upsized €200 million add-on to the company’s first-lien term loan B due June 2028 (B3/B-/B+) and then the deal priced and allocated on Friday, according to a market source.

The add-on was launched at €175 million.

Pricing firmed Friday morning to a discount of 98.25 versus talk in the 98 area.

Interest will be at Euribor plus 350 basis points with a 0% floor, the same as the original loan.

Recommitments were due by Friday at 7:30 a.m. ET.

Administrative agent JPMorgan is the sole physical bookrunner. Barclays, Mizuho and Morgan Stanley are passive bookrunners.

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

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