Pressure from Ineos lenders to last beyond waiver approval

Lenders to UK chemicals company Ineos are expected to approve the waiver request on its leveraged loan later today (Tuesday), with dissenting investors thought to have been appeased by the amendment to the terms on offer last week. But the wrangling which has surrounded the process, and particularly the disagreements between bank lenders and groups of US investors, has revealed rifts in the syndicate which could be worrying for the business next year.