Milacron to launch term loan upsize, maturity extension on Wednesday

By Sara Rosenberg

New York, Jan. 17 – Milacron LLC will hold a lender call on Wednesday to launch an upsizing of its term loan to $947 million and extension of the maturity, according to a market source.

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

Proceeds from the upsize will be used with cash on hand to repay all or a portion of the company’s $465 million 7¾% senior notes due 2021 and to pay fees and expenses associated with the refinancing transactions.

As of Sept. 30, the company had $482 million outstanding under its term loan due September 2020.

Milacron is a Cincinnati-based provider of plastics processing technologies and industrial fluids.

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