Ineos wins over dissenters, amendment set to pass

Lenders that had resisted attempts by Ineos to obtain an amendment to its loans have been won over by the firm’s latest offer which should pass on Friday, one of the dissenters told EuroWeek.

  • 14 Apr 2010

Ineos, the privately-owned UK chemicals group, wants an amendment that would allow it to issued up to Eu1bn of high yield bonds and increase its headroom.

It is one of the most widely held European names among CLOs, and was forced to extend the approval deadline last Friday and ...

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