MILWAUKEE, April 24, 2023 /PRNewswire/ -- Clarios Global LP ("Clarios" or the "Company") announced today that on April 20, 2023 it priced $750 million in aggregate principal amount of senior secured notes due 2028 (the "Notes") with a coupon of 6.750%. The Company also increased the aggregate principal amount to be borrowed under a new tranche of term loans (the "New Term Loan Facility") from $1,000 million to $2,750 million at SOFR plus 3.75% maturing May 2030. The pricing of the Notes was upsized from the previously announced offering of $500 million. 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 ANNOUNCES PRICING OF UPSIZED PRIVATE OFFERING OF $750 MILLION 6.750% SENIOR SECURED NOTES DUE 2028 AND UPSIZED $2.75 BILLION TERM LOAN FACILITY MATURING 2030
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