INOVYN Finance €775 Million loan facility and €300 million high yield issue

Overview:

• INOVYN Finance, has taken out €775 million in new financing and issued €300 million in high yields notes.
• The senior secured term loan was arranged by a syndicate of banks led by JPMorgan Chase.
• The high yield notes were issued under Rule 144A/Reg S and listed on the Luxembourg Stock Exchange.
• INOVYN is a joint venture between INEOS and Solvey and is a producer of polyvinyl chloride, chlorinated paraffins, epichlorohydrin, caustic soda and caustic potash.
• The funds raised will be used to refinance existing debt and to fund the exit of Solvay from the joint venture.

Sam Duke - Editor