XSYS allocates new €435M term loan backing Lone Star buyout; terms

XSYS has allocated a €435 million first-lien term loan B backing its acquisition by Lone Star. The new seven-year facility was priced tighter than talk at E+425 with a 0% floor at 99.75, with final terms suggesting a yield to maturity of 4.36%.

Goldman Sachs was the physical bookrunner on the deal, while J.P. Morgan, Credit Suisse and RBC are also acting as bookrunners.

An €80 million second-lien loan also backing the buyout is rated CCC+/Caa2.

Flint Group announced the sale of XSYS in a statement Sept. 8. The division specializes in developing and supplying printing plates, sleeves and adaptors and prepress equipment to the packaging industry.

Terms: