PRICED: Urbaser €1.5b TLB at E+350, 99.75

June 18, 2025, 5:01 PM UTC

FTT from June 19 at 8am UKT.

  • Company: Urbaser
  • Borrowers: Luna 2.5 S.à.r.l.
  • Sponsor: Platinum Equity
  • Business: Environmental infrastructure platform, primarily focused on waste collection and treatment, providing critical infrastructure and essential services to public and industrial clients
  • UoP: Together with the proceeds from the new senior secured notes, will be used to refinance existing Term Loan B, fund a distribution to shareholders and pay related fees and expenses
  • Total Financing Size: €2.3b across TLB and SSN
  • Facility: Term Loan B
  • Currency: EUR
  • Tenor: 7 Years
  • Tranche Size: €1.5b
  • Margin: E+350 (vs E+350-375; E+375; E+400-425)
  • Floor: 0.0%
  • OID: 99.75 ...

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