Axilone allocates €81.6 million add-on first-lien term loan

By Sara Rosenberg

New York, April 11 – Axilone (CCP Lux Holding Sarl) allocated on Thursday its fungible €81.6 million add-on senior secured first-lien term loan due January 2025 that priced in line with talk at Euribor plus 400 basis points with a 0% floor and a par issue price, according to a market source.

Barclays and RBC are the bookrunners on the deal, with Barclays the left lead. RBC is the administrative agent.

Proceeds will be used to refinance an existing €80 million second-lien term loan and to pay related fees and expenses.

With this transaction, the spread on the existing first-lien term loan is being reset to match the add-on loan pricing.

Axilone is a Paris-based packaging specialist, manufacturing primarily plastic and metal packaging for the lipstick, fragrance and skin care segments.

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