Sonepar begins sounding on refi
Sonepar, the French electrical equipment distributor, is sounding out banks about a possible refinancing. The borrower, which last tapped the market for an acquisition deal in February of last year, is asking lenders for price guidance on a series of options, including doing a forward start facility or a straightforward refinancing.
Sonepar, a family-owned company, has not recently disclosed where its debt stands. But the borrower took on a Eu1.6bn loan last year to buy roughly half the assets of Dutch group Hagemeyer, another electrical parts company, from France’s Rexel.
That deal, increased from Eu1.4bn, had a four and
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