Logoplaste prices €100 million add-on term loan B

By Sara Rosenberg

New York, Oct. 18 – Logoplaste (Mar Bidco Sarl) priced and allocated on Wednesday a fungible €100 million add-on term loan B due July 2028, according to a market source.

Pricing on the add-on term loan is Euribor plus 345 basis points with a 0% floor, in line with existing term loan B pricing.

Barclays is the sole physical bookrunner on the deal. BNP Paribas, Goldman Sachs and Rabobank are joint bookrunners. BNP is the agent.

Proceeds will be used to repay existing revolving credit facility borrowings and for general corporate purposes.

OTPP is the sponsor.

Logoplaste is a Portugal-based producer of wall to wall rigid plastic packaging solutions.

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