Aggreko releases talk on $300 million, €130 million term loans

By Sara Rosenberg

New York, Feb. 8 – Aggreko LLC launched on Wednesday its non-fungible $300 million incremental term loan (B1) due Aug. 17, 2026 with price talk of SOFR plus 550 basis points with a 0.5% floor and an original issue discount of 94, according to a market source.

The U.S. term loan has 101 soft call protection for six months.

In addition, the company launched its fungible €130 million add-on term loan (B1) due Aug. 17, 2026 with original issue discount talk in the range of 96.5 to 97, the source said.

Pricing on the add-on euro term loan is Euribor plus 525 bps with a 0% floor, in line with the existing euro term loan.

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

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.

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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