FINAL TERMS: ADB Safegate €500m TLB E+400; Recommits 1pm UKT

Re-commitment deadline 1pm UKT today, May 23.

• Company: ADB Safegate
• Sponsor: Carlyle
• Business: Global leader in airside products, solutions, & services, including airfield ground lighting & control solutions, docking guidance systems & control solutions, and related services & aftermarket parts
• UoP: Alongside €184m equity injection and €100m HoldCo PIK proceeds, to refinance all existing debt of the business, add cash to balance sheet, and pay related fees & expenses
• Exp. Corporate Ratings (M/S/F): B2 (stable)/B (stable)/B+ (stable)
• Exp. Instrument Ratings (M/S/F): B2/B/B+
• Tranche Size: €500m
• Currency: EUR
• Facility: Term Loan B
• Tenor: 7yr
• Final Margin: E+400 (unch.) (vs E+400-425, E+425-450) ...