Oberthur Technologies to launch $250 million term B on Tuesday

By Sara Rosenberg

New York, March 2 - Oberthur Technologies is set to hold a bank meeting on Tuesday to launch a $250 million term loan B, according to a market source.

RBC Capital Markets LLC, Barclays Capital Inc. and Lloyds Securities LLC are the lead banks on the deal.

The U.S. term loan B is being carved out of a €410 million term loan B, the source said.

Proceeds will be used to refinance some debt that was used for the company's buyout by Advent International, which was completed late last year.

Oberthur Technologies is France-based provider of security and identification services based on smart-card technologies.

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