Bakelite to launch $110 million incremental term loan on Tuesday

By Sara Rosenberg

New York, March 4 – Bakelite Synthetics is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a fungible $110 million incremental first-lien term loan, according to a market source.

Goldman Sachs Bank USA is the arranger on the deal.

Proceeds will be used to fund a distribution to shareholders, pay down drawn portions of the ABL and pay related fees and expenses.

Black Diamond and Investindustrial are the sponsors.

Bakelite is an Atlanta-based producer of thermoset specialty resins, solutions and engineered thermoset molding compounds.

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