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Curium firms $335 million add-on term loan at 98.75 OID
By Sara Rosenberg
New York, April 29 – Curium BidCo Sarl set the original issue discount on its fungible $335 million add-on first-lien term loan due December 2027 (B) at 98.75, the wide end of the 98.75 to 99 talk, according to a market source.
Pricing on the add-on term loan is Libor plus 425 basis points with a 0.75% Libor floor.
JPMorgan Chase Bank is the lead on the deal.
Proceeds will be used to refinance an existing second-lien term loan, for general corporate purposes and/or for working capital requirements.
Curium is a nuclear medicine company with headquarters in London and Paris.
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