Sebia readies launch of new dollar, euro credit facilities for Monday

By Sara Rosenberg

New York, Sept. 5 – Sebia is set to hold a bank meeting on Monday to launch new credit facilities, according to a market source.

Nomura is the lead on the deal.

The facilities consist of a $225 million seven-year term loan B, a €620 million seven-year term loan B and a €20 million revolver, the source said.

In addition, the company is getting a €185 million eight-year holdco PIK facility.

Commitments are due on Sept. 22, the source added.

Proceeds will be used to help fund the acquisition of a significant minority stake in the company by Caisse de depot et placement du Quebec and to refinance existing debt.

Closing is subject to customary clearance of regulatory authorities.

Sebia is a France-based multi-specialty in-vitro diagnostics company focusing on oncology, genetic hemoglobin and metabolic disorders.

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