Cyanco readies launch of $420 million term loan B for Thursday

By Sara Rosenberg

New York, June 14 – Cyanco Intermediate 2 Corp. is set to hold a lender call at 2 p.m. ET on Thursday to launch a $420 million five-year covenant-lite term loan B, according to a market source.

Deutsche Bank Securities Inc., Morgan Stanley Senior Funding Inc., RBC Capital Markets and Societe Generale are the bookrunners on the deal.

The term loan has 101 soft call protection for six months, the source said.

Commitments are due at noon ET on June 29.

Proceeds will be used to refinance an existing term loan B.

Cashless roll is available, the source added.

Cyanco is a Sugar Land, Tex.-based supplier of sodium cyanide and the only pure play provider in the market with world-scale capabilities in both liquid and solid-form NaCN.

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