MILWAUKEE, May 4, 2023 /PRNewswire/ -- Clarios Global LP ("Clarios" or the "Company") announced today that it successfully closed its offering of $750 million in aggregate principal amount of senior secured notes due 2028 (the "Notes") with a coupon of 6.750%. The Company also announced the closing of a new tranche of term loans (the "New Term Loan Facility") in an aggregate principal amount of $2,750 million at SOFR plus 3.75%. The New Term Loan Facility will mature in May 2030. The weighted average interest rate for the Notes and the New Term Loan Facility is expected to be approximately 7%, based on the current one-month Term SOFR swap rate for 5 years.
Read more at prnewswire.comCLARIOS COMPLETES UPSIZED PRIVATE OFFERING OF $750 MILLION 6.750% SENIOR SECURED NOTES DUE 2028 AND UPSIZED $2.75 BILLION TERM LOAN FACILITY MATURING 2030
PR Newswire - Press Release
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