Ineos Styrolution signs bridge, term loan and revolver for BP buy

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By Silas Brown
04 Aug 2020

Ineos Styrolution, the styrenics supplying unit of Ineos, has signed a number of loan facilities to support its $5bn acquisition of BP’s aromatics and acetyls businesses. There were roughly $9bn in commitments from 23 banks.

Styrolution’s acquisition was announced in late June. The deal is valued at $5bn, made up from $4bn of debt and $1bn of equity.

To support the acquisition, Styrolution has signed a $3.5bn-equivalent two year bridge loan, and three and five year term loans. There is also a three year ...

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