NEP Group launches $100 million euro equivalent add-on term loan B

By Sara Rosenberg

New York, Aug. 8 – NEP Group Inc. launched a fungible $100 million euro equivalent add-on term loan B due Oct. 20, 2025, according to a market source.

Pricing on the add-on term loan is Euribor plus 350 basis points with a 0% floor.

Barclays is the bookrunner on the deal.

Commitments are due at 7 a.m. ET on Wednesday, the source said.

Proceeds will be used to repay amounts drawn under the company’s credit facility.

Carlyle is the sponsor.

NEP is a Pittsburgh-based provider of outsourced live and broadcast production solutions.

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