Nexeo wraps $647 million term B repricing at Libor plus 325 bps

By Sara Rosenberg

New York, Dec. 14 – Nexeo Solutions Holdings LLC wrapped syndication of its $647 million term loan B at pricing of Libor plus 325 basis points with a 0% Libor floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for one year, the source said.

Bank of America Merrill Lynch is the lead bank on the deal.

Proceeds will be used to reprice an existing term loan down from Libor plus 375 bps with a 0% Libor floor.

Nexeo is a Houston-based distributor of chemicals and plastics and provider of environmental services.

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