Oberthur Technologies to launch €440 million of term loans this week

By Sara Rosenberg

New York, Sept. 23 - Oberthur Technologies will hold a bank meeting in London on Wednesday and one in New York on Thursday to launch €440 million of term loan B debt, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

The debt consists of a €275 million six-year U.S. equivalent term loan B and a €165 million six-year euro term loan B, the source said.

Proceeds will be used to refinance existing debt.

Oberthur is a France-based manufacturer of chip-based digital authentication products for the Payment and Telecom industries.

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