Ineos Plans to Refinance Debt

 Ineos says its plans to issue senior secured notes and term loans to prepay a significant proportion of its senior term loan debt. The notes and term loans have maturity of at least five years, and are expected to total about €1 billion ($1.37 billion). "The transaction will place [Ineos] in a stronger position as trading improves and is the next step in the company's plan to improve liquidity and reduce risk," Ineos says. Ineos will extend its debt maturity profile, with no material debt amortization until December 2013 if the transaction is...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers