Under the deal, which closed on December 11, the $1.6 billion Term Loan B margin was reduced by 75 basis points to 275 basis points from SOFT, in line with the tightest dollar pricing the group has achieved to date. Margins for the €1 billion Euro Term Loan B were lowered by 25 basis points to 325 basis points compared to EURIBOR and raised by €160 million to €1.16 billion, reflecting strong demand from credit investors and increased liquidity available to support future expansion.
