Nouryon, Fluidra continue repricing trend in leveraged loans
Dutch chemicals giant Nouryon is attempting an elephantine repricing of a €5.6bn loan. Nouryon is following Spanish Fluidra, a pool manufacturer, which announced a €300m repricing on Tuesday, and UK-based data company Refinitiv, which set a more favourable price for its €2.33bn loan last week.
Nouryon is looking to reprice $4.2bn of the term loan B in dollars and €1.8bn in euros. The maturity of the repriced loan would be October 2025.
The repricing will reset the six-month soft call at 101.Nouryon is the rebranded Akzo Nobel specialty chemicals business which was ...