Clarios launches $2.74 billion term loan B at SOFR plus 325 bps

By Sara Rosenberg

New York, Jan. 3 – Clarios Global LP held a lender call at noon ET on Wednesday to launch a $2.743 billion term loan B due May 2030 that is talked at SOFR plus 325 basis points with a 0% floor and an original issue discount of 99.75 to par, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase Bank, Bank of Nova Scotia, Barclays, BMO Capital Markets, BNP Paribas Securities Corp., BofA Securities Inc., CIBC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs Bank USA, HSBC Securities (USA) Inc., ING, RBC Capital Markets, Santander, Standard Chartered, TD Securities (USA) LLC, UBS Investment Bank, US Bank and Wells Fargo Securities LLC are the leads on the deal.

Commitments are due at 5 p.m. ET on Tuesday, the source added.

Proceeds will be used to reprice an existing term loan B down from SOFR plus 375 bps with a 0% floor.

Clarios is a Milwaukee-based supplier of low-voltage automotive batteries.

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