Rosy look for Ineos margin shave

Ineos
By Victor Jimenez
25 Oct 2017

Ineos, the Anglo-Swiss chemicals manufacturer, cut costs on its term loans for the second time this year on Tuesday, after S&P joined Moody's in upgrading the rating of the new facility on Monday.

Leveraged loan buyers backed Ineos’s plans to reprice its term loan debt for the second time this year. 

Ineos reduced the spread it pays on its dollar and euro loans by 50bp, compared with margins it agreed when it previously refinanced the facilities as recently as February.

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