Styrolution widens pricing while Ineos steps in on junior tranche

Styrene molecule
By Ross Lancaster
23 Oct 2014

German plastics firm Styrolution has widened pricing on its €1.05bn-equivalent five year term loan ‘B’, amid concerns from investors about the cyclical nature of its business.

Ineos, the privately owned UK chemicals company now registered in Switzerland, is buying the 50% of Styrolution it does not already own from joint venture partner BASF.

Ineos had hoped the financing would include a €400m second lien tranche. But ...

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