IHS Chemical Week

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Distributor Azelis secures refinancing deal

5:13 AM MDT | May 1, 2013 | Ian Young

Leading specialty chemicals distributor Azelis (Antwerp) says it has secured a refinancing package. The company's financing has been extended for 3 years at market interest rates, under the terms of the deal. Meanwhile, private equity company 3i (London)--Azelis's main shareholder--and funds managed by 3i, have provided an additional €10 million in further equity support to Azelis. "The deal reflects exceptional support from the banking community and from 3i for our new business plan and provides Azelis with strengthened liquidity and the financial...

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