KronosNet wraps €70 million add-on first-lien term loan B

By Sara Rosenberg

New York, Oct. 3 – KronosNet is getting a fungible €70 million add-on first-lien term loan B due October 2029 priced at Euribor plus 575 basis points with a 0% floor, according to a market source.

The loan was expected to free to trade on Tuesday, the source added.

BNP Paribas is the sole physical bookrunner on the deal and the administrative agent.

Proceeds will be used to repay revolving credit facility borrowings and to pay related costs and expenses.

Pro forma for the transaction, the term loan B will be sized at €870 million.

KronosNet is a pan-European and LatAm CX BPO company.

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