Axalta to launch $475 million add-on term B, repricing on Wednesday

By Sara Rosenberg

New York, March 27 – Axalta Coating Systems Ltd. is set to hold a lender call at 2 p.m. ET on Wednesday to launch a $475 million add-on term loan B due June 1, 2024 and a repricing of its existing $1.96 billion term loan B due June 1, 2024, according to a market source.

Barclays and Deutsche Bank Securities Inc. are the bookrunners on the deal.

Proceeds from the add-on will be used to refinance an existing €396 million term loan B due 2023.

Axalta is a Philadelphia-based manufacturer, marketer and distributor of high-performance coatings systems.

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