Minimax to launch minimum $500 million, €450 million loans Wednesday

By Sara Rosenberg

New York, Oct. 10 – Minimax Viking is scheduled to hold a lender call at 9 a.m. ET on Wednesday to launch a minimum $500 million term loan B due July 2028 and a minimum €450 million term loan B due July 2028, according to a market source.

Small group meetings for the term loans will take place on Wednesday and Thursday.

Deutsche Bank is the global coordinator and physical bookrunner on the deal. UniCredit and Commerzbank are passive bookrunners.

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

Expected term loan ratings are Ba3/BB-.

Commitments for the U.S. term loan are due at noon ET on Oct. 19, and commitments for the euro term loan are due at 7 a.m. ET on Oct. 19, the source added.

Proceeds will be used to amend and extend an existing $569 million term loan B due July 2025 and an existing €488 million term loan B due July 2025, and to pay transaction related fees and expenses.

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

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