LAUNCH: ADB Safegate €500m TLB E+425-450, 99.0; Call Friday

May 15, 2025, 8:21 AM UTC

A lender call will take place on Friday, May 16, at 10am UKT. Commitments are due on 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: ...

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