amedes cuts spread on €740 million term loan to Euribor plus 375 bps

By Sara Rosenberg

New York, Oct. 12 – amedes (Aragon BidCo GmbH) reduced pricing on its €740 million seven-year first-lien term loan B (B2/B) to Euribor plus 375 basis points from Euribor plus 400 bps, according to a market source.

As before, the term loan has a 0% floor, an original issue discount of 99.5 and 101 soft call protection for six months.

Barclays and JPMorgan are the physical bookrunners on the deal. Credit Agricole, Natixis, UBS and Unicredit are bookrunners. JPMorgan is the administrative agent.

Allocations went out on Tuesday, the source added.

Proceeds will be used to fund the acquisition of the company by a consortium of infrastructure investors comprising OMERS Infrastructure, Goldman Sachs Asset Management and AXA Investment Managers, to refinance certain existing debt and to pay related transaction costs.

amedes is a Germany-based integrated diagnostics provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.