D'Ieteren Group announces today that Belron has successfully repriced its USD- and EUR-denominated Term Loans B (TLBs), both maturing in October 2031. This repricing reflects supportive capital market conditions and Belron's strong cash generating profile.
In October 2024, both TLBs tranches benefited from a 25bps margin step-down, thanks to continued deleveraging.
The USD-denominated TLB loan of $4,655m has now been repriced with a further 25bps reduction to the current applicable margin, from [Sofr+225bps] to [Sofr+200bps].
The EUR-denominated TLB loan of €2,050m was repriced with a further 50bps reduction to the current applicable margin, from [Euribor+275bps] to [Euribor+225bps].
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D'Ieteren Group SA published this content on January 16, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 16, 2026 at 16:48 UTC.
In existence since 1805, and across family generations, D'Ieteren Group (the Group) is an investment company seeking growth and value creation by building a family of businesses that reinvent their industries and search for excellence and meaningful impact. It currently owns the following businesses:
- Belron (50.30% in fully diluted economic rights at 31 December 2023, equity-accounted investee): worldwide leader in vehicle glass repair, replacement and recalibration;
- D'Ieteren Automotive (100% owned): distributor of Volkswagen, Audi, SEAT, Skoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac, Microlino, Maserati and Porsche vehicles in Belgium and expanding into other mobility services;
- PHE (100% in economic rights - see note 2) is a leader in the independent distribution of spare parts for vehicles in Western Europe, present in France, Belgium, The Netherlands, Luxemburg, Italy and Spain;
- TVH (40% owned - equity accounted-investee): leading global independent distributor for aftermarket parts for material handling, construction & industrial, and agricultural equipment;
- Moleskine (100% owned): develops and sells iconic branded notebooks and writing, travel and reading accessories through a global multichannel platform;
- D'Ieteren Immo (100% owned): groups together the Belgian real estate interests of D'Ieteren Group.
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