Brenntag postpones €190 million 10-year deal due to market conditions

By Paul A. Harris

St. Louis, May 13 - Brenntag Finance GmbH cited market conditions as it postponed its €190 million offering of 10-year senior notes (B3/B) on Thursday, according to market sources.

Goldman Sachs & Co. had the books.

The Mülheim an der Ruhr, Germany-based distributor of specialty and industrial chemicals had earmarked proceeds from the deal for repaying mezzanine debt and funding the acquisition of the company by Bain Capital.

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