Belron Launches New $455 Million Loan

Belron is launching a 7-year “Term Loan B” of approximately $455 million U.S. dollars (400 million Euro). The term loan is intended to be denominated in USD and would be issued by Belron Finance US LLC.

The proceeds of the term loan would be used to pay a dividend to the shareholders of Belron.

“This transaction occurs amid Belron’s strong operational performance and rapid deleveraging since the capital structure refinancing in October 2017, with a net leverage ratio of 3.18x on 30 September 2018, down 1.0x EBITDA since the refinancing last year,” writes the company.

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