Minimax to launch $590 million, €506 million term loans on Thursday

By Sara Rosenberg

New York, Feb. 19 – Minimax Viking will hold a lender call at 10 a.m. ET on Thursday to launch a $590 million covenant-lite term loan B (B1/B+) due July 2025 and a €506 million covenant-lite term loan B (B1/B+) due July 2025, according to a market source.

Deutsche Bank is the sole global coordinator and physical bookrunner on the deal.

The term loans have 101 soft call protection for six months, the source said.

Proceeds will be used to reprice existing U.S. and euro term loans.

Commitments are due at 5 p.m. ET on Feb. 26, the source added.

Minimax is a Bad Oldesloe, Germany-based fire protection company.

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