Syndication of bridge loan for Ineos pulled, as debt falls in secondary

  • 25 Jul 2008

Barclays Capital and Merrill Lynch have pulled the Eu620m bridge loan for Ineos, the UK chemicals group, after the deal failed to attract commitments in syndication.

Ineos’ deal was underwritten last year to back its acquisition of Norsk Hydro’s Kerling polymers business.

Bankers away from the loan said its main problem ...

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