Aggreko to launch $300 million, €130 million term loans on Wednesday

By Sara Rosenberg

New York, Feb. 7 – Aggreko LLC is scheduled to hold a lender call at 10 a.m. ET on Wednesday to launch a non-fungible $300 million incremental term loan (B1) due August 2026 and a fungible €130 million add-on term loan (B1) due August 2026, according to a market source.

Barclays and Goldman Sachs are the physical bookrunners on the deal and global coordinators with HSBC. GLAS USA is the administrative agent.

Both tranches will get 101 soft call protection for six months, the source said.

Pricing on the euro term loan is Euribor plus 525 basis points with a 0% floor.

Commitments for the U.S. loan are due at 5 p.m. ET on Feb. 16, and commitments for the euro loan are due at noon ET on Feb. 16, the source added.

Proceeds will be used to refinance some debt, including debt related to the acquisition of Resolute Industrial from AE Industrial Partners LP for $440 million.

Aggreko is a Glasgow, U.K.-based provider of mobile power, heating and cooling solutions. Resolute Industrial is a provider of specialized temporary heating, ventilation, air conditioning and refrigeration solutions.

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