EG Group Australia wraps A$400 million term B at BBSY plus 500 bps

By Sara Rosenberg

New York, March 27 – EG Group Australia Pty Ltd. allocated its A$400 million senior secured term loan B (B2/B/B+) due Feb. 5, 2025, according to a market source.

Pricing on the loan is BBSY plus 500 basis points with a 0% floor and an original issue discount of 99, the source said.

The term loan has 101 soft call protection for six months.

Barclays, Deutsche Bank and UBS are the lead arrangers on the deal.

Proceeds will be used to help fund the acquisition of Woolworth’s FuelCo Business (Australia) and pay associated costs and expenses.

TDR Capital is the sponsor.

EG Group is a Blackburn, U.K.-based operator of filling stations and convenience stores.

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