Fri 11/25/2022 10:54 AM
German heat exchanger solutions company Arvos Group secured a further one-year extension for its debt, which has pushed the maturities of its RCF and bonding lines to May 2024 and of its term loan B to August 2024. A previously agreed 200 bps jump to 450 bps in the loan’s PIK margin kicked in during the second quarter and the rest of the debt terms remain broadly the same, sources said.
The debt extension buys Arvos a bit more time to continue its M&A strategy. Earnings halved during the...
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