IMCD to launch syndication after early success

28 Jan 2011

Loans backing Bain Capital’s buy-out of Dutch chemical distribution firm IMCD will be launched into general syndication next week, with bankers reporting that a successful early-bird syndication means that the process will be small.

"Banks were very familiar with the credit due to the auction process that preceded the buy-out, so that allowed us the option of a large early-bird phase," said one banker working on the deal.

"We had tons of reverse inquiry, and I think that was partly helped by the ...

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