Chemours turns to euros as it reprices $1.5bn term loan 'B'
Chemours, the listed US chemicals firm spun out of DuPont in 2015, held a lender call on Monday afternoon for a $350m-equivalent euro term loan to repay some of its existing dollar loan.
The Wilmington, Delaware-based firm also wants to reprice its $1.5bn seven year term loan ‘B’, signed in 2015, after its $3bn spin-out from DuPont. The original margin was 300bp with a 0.75% Libor floor.
Price talk for the dollar repricing of 250bp with a 0% floor was released after
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