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Ineos Styrolution launches €1.2bn divi and refi deal

Jim Ratcliffe Chairman INEOS PA 230x150

UK chemicals giant Ineos’s German styrenics subsidiary is marketing €500m of senior secured notes and a €680m equivalent term loan B, with an intention to issue a €300m dividend to its parent company, controlled by billionaire Jim Ratcliffe. The remaining proceeds will be used for refinancing all of its term loans and some of the upcoming investments.

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