Edilians launches €660M refinancing term loan

Edilians has launched a €660 million term loan B to refinance existing debt and fund a dividend to shareholders, via physical bookrunners Barclays and Credit Suisse.

An investor call will be held Feb. 16 at noon U.K. time, and commitments on the new transaction are due Feb. 24.

The new seven-year facility is talked at E+400-425 with a 0% floor offered at 99.5, suggesting a yield to maturity of 4.15%-4.41%. Six months of 101 soft-call protection is available on the deal, while existing investors can utilize a cashless-roll mechanism to move into the new facility.

Mandated lead arrangers on the deal are Barclays, Credit Suisse, Goldman Sachs, NatWest Markets, and RBI.

The firm is rated B/B2, while the issue ratings are B/B2.

Edilians, which was formerly known as Imerys Roofing, was last in the market in June 2019 with a €500 million term loan B that was used to refinance debt and for general corporate purposes. That September 2025 facility, which priced at E+425 with a 0% floor, was seen trading in the secondary market around 100.25/101 before the latest deal was announced, according to sources.

Lone Star acquired Edilians, a French maker of clay roof tiles, in 2018.