Ineos Waiver Approved By Lenders

10 Dec 2008

A two-quarter waiver of financial covenants for Ineos was approved by lenders last week after the company agreed to increase spreads across all tranches by a range of 175-225 basis points.

A two-quarter waiver of financial covenants for Ineos was approved by lenders last week after the company agreed to increase spreads across all tranches by a range of 175-225 basis points. Current pricing on the facility is LIBOR plus 2 1/4-2 3/4%.

In April, the company said it would ...

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