ALLOCATED: NEP $1.062b TLB, $123m, $209m Incremental 2026 TLBs

Deal allocated Dec. 15. EUR allocations expected today (Dec. 18).

• Company: NEP
• Borrowers: NEP Group, Inc., NEP/NCP Holdco, Inc. & NEP II, Inc. for the USD tranches; NEP Europe Finco B.V. for the EUR tranche
• Business: The largest worldwide outsourced technical production partner supporting premier content producers of live sports, entertainment, music and corporate events
• Sponsor: Carlyle
• UoP: Extend maturities of First Lien Term Loans and RCF due 2025 to 2026
• Facilities:
  • $1,062m (vs $1,092m) TLB due Aug. 19, 2026
  • S+325+150bps accrued PIK interest, 0%
  • Upfront fee (PIK): 150bps
  • Exit fee (cash): 2%
  • $123m Incr. TLB due June 1, 2026 ...