Socotec to launch $300 million, €550 million term loans on Thursday

By Sara Rosenberg

New York, April 28 – Socotec is scheduled to hold a lender call at 8 a.m. ET on Thursday to launch a $300 million term loan B (B2/B) and a €550 million term loan B (B2/B), according to a market source.

JPMorgan Chase Bank is the left lead on the U.S. term loan, and BNP Paribas is the left lead on the euro term loan. BNP is the administrative agent.

Commitments are due at 10 a.m. ET on May 7, the source added.

Proceeds will be used to refinance existing debt and fund a dividend.

Socotec is a France-based provider of testing, inspection and compliance services, offering comprehensive solutions for the infrastructure and environment & safety sectors.

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