Ineos, KDG put €1.8bn in lenders’ pockets

Petrochemicals company Ineos will use all the proceeds from last week’s $1.65bn (€1.26bn) high yield bond issue to repay its €1bn term loan ‘B’ and a portion of its term loan ‘C’.

  • 06 Feb 2012

The news follows a loan prepayment of €557m by Kabel Deutschland on February 3, after the German cable firm raised $750m (€570m) of new loans and completed an amend and extend process.

The prepayments leave Ineos with no debt maturing until June 2014, when it will pay an instalment ...

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