Univar firms U.S. and euro term loans at SOFR/Euribor plus 400 bps

By Sara Rosenberg

New York, March 15 – Univar Solutions (Windsor Holdings III LLC) finalized pricing on its $2.754 billion senior secured term loan B due August 2030 and €1 billion senior secured term loan B due August 2030 at SOFR/Euribor plus 400 basis points, the low end of the SOFR/Euribor plus 400 bps to 425 bps talk, according to a market source.

The term loans (B2/B+/BB-) still have a 0% floor, a par issue price and 101 soft call protection for six months.

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

Proceeds will be used to reprice the company’s existing $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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