SUSE seeks $675 million term loan and €550 million term loan

By Sara Rosenberg

New York, April 9 – SUSE (Marcel BidCo) is in market with a $675 million term loan B that is talked at SOFR plus 400 basis points with a 0.5% floor and a par issue price and a €550 million term loan B that is talked at Euribor plus 400 bps to 425 bps with a 0% floor and a par issue price, according to a market source.

Both term loans have 101 soft call protection for six months, the source said.

JPMorgan Chase Bank is the sole lead on the deal that launched on Monday without a lender call.

Commitments are due at the close of business on Thursday, the source added.

Proceeds will be used to reprice an existing U.S. term loan down from SOFR plus 450 bps with a 0.5% floor and an existing euro term loan down from Euribor plus 450 bps with a 0% floor.

SUSE is a Nuremberg, Germany-based provider of open source infrastructure software for large enterprises.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.