Ineos Quattro launches funding for BP buyout, consents for new cap stack

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By Owen Sanderson
11 Jan 2021

Banks have launched the funding for Ineos’s purchase of BP’s aromatics and acetyls business into syndication, with €2.6bn of new first lien term loan 'B' on offer, plus a package of amendments to Ineos Styrolution’s existing bond and loan debt.

Ineos announced in December last year that it would reorganise its funding structure, creating a new silo called Ineos Quattro to combine the businesses it bought from BP — purchased through its Styrolution unit —with its Inovyn business, which makes PVC.

JP Morgan ran investor meetings in early ...

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