AnQore readies launch of €270-€300 million term loan B for Tuesday

By Sara Rosenberg

New York, July 10 – AnQore BV is scheduled to hold a lender call presentation at 6 a.m. ET on Tuesday with one-on-one sessions available on Tuesday and Wednesday to launch a €270 million to €300 million term loan B due December 2027, according to a market source.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Rabobank are the physical bookrunners on the deal. NatWest Markets plc, RBC Capital Markets and Standard Chartered are mandated lead arrangers and non-physical bookrunners. Rabobank is the administrative agent.

Price talk on the term loan is Euribor plus 550 basis points with a 0% floor and an original issue discount of 93 to 94, the source said.

The term loan has 101 soft call protection for six months.

Commitments are due at 9 a.m. ET on July 20, the source added.

Proceeds will be used to amend and extend an existing €300 million term loan B due December 2024.

AnQore, owned by CVC and DSM-Firmenich, is a Urmond, the Netherlands-based specialist chemical producer supplying acrylonitrile and cyanides to customers in high value growing end-markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.