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Tata Chemicals Europe Secures £150-Million Finance Package

5:51 AM MDT | July 7, 2011 | Natasha Alperowicz

Tata Chemicals Europe (Northwich, U.K.) has secured a £150-million ($240 million) finance package backed by Yorkshire Bank Corporate & Structured Finance (Manchester, U.K.). The funding will replace the company’s existing facilities including the debt package put in place to support its acquisition of British Salt last January. Yorkshire Bank is providing £30 million as part of a banking consortium that also includes Standard Chartered, Crédit Agricole, DBS Bank, and ICICI Bank. Tata Chemicals Europe, the former Brunner Mond, is one...

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