Belron’s $455 Million Term Loan Takes Shape

Belron’s latest multi-million dollar transaction is set to close early next week. According to the company, it successfully allocated a term loan of $455 million.

Some of the loan requirements include its total amount being $400 euros, in addition to a seven year maturity rate. Therefore in November of 2025 the term loan will reach its full maturity. Another key point in Belron’s latest transaction is its issue price. The term loan had a 99.75 percent issue price, according to the company.

“This Transaction optimizes Belron’s capital structure whilst maintaining full flexibility for its strategic options. It also extends Belron’s debt maturity profile,” the company said in a release.

The company isn’t the only organization pleased with the latest transaction, as many of the company’s shareholders are expecting to see profits as well.

“As previously announced, the proceeds of the new Term Loan will be used to pay a dividend to the shareholders of Belron,” the company said in a release.

The recent success of the term loan transaction also has the company focused on future possibilities for growth.

“The extraordinary dividend that D’Ieteren will receive from Belron following this Transaction will allow it to pursue its long-term strategy which aims to invest in other activities with attractive value creation potential,” the company said in a release.

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