Univar launches $2.75 billion, €1 billion term loans to investors

By Sara Rosenberg

New York, March 11 – Univar Solutions (Windsor Holdings III LLC) was scheduled to hold a lender call at 11 a.m. ET on Monday to launch a $2.754 billion senior secured term loan B due August 2030 and a €1 billion senior secured term loan B due August 2030, according to a market source.

Price talk on the U.S. and euro term loans is SOFR/Euribor plus 400 basis points to 425 bps with a 0% floor and a par issue price, the source said.

The term loans have 101 soft call protection for six months.

JPMorgan Chase Bank is the left lead on the deal and the administrative agent.

Commitments are due at 5 p.m. ET on Thursday for the U.S. term loan and at 1 p.m. ET on Thursday for the euro term loan, the source added.

Proceeds will be used to reprice the company’s exiting $2.754 billion and €1 billion term loans due 2030 down from SOFR/Euribor plus 450 bps with a 0% floor.

Univar is a Downers Grover, Ill.-based distributor of commodity and specialty chemicals and ingredients.

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