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

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 ...Already a subscriber? Login