Ineos plans to start roadshow Thursday for €700 million equivalent five-year secured notes

By Paul A. Harris

St. Louis, April 28 - Ineos Finance plc will begin a roadshow in the United States on Thursday for its €700 million equivalent offering of five-year senior secured notes (expected ratings B2/B-), according to an informed source.

A European roadshow will follow on Monday and Tuesday.

The notes are expected to price thereafter.

Barclays Capital and JPMorgan are the joint physical bookrunners for the Rule 144A and Regulation S for life notes.

Citigroup and Morgan Stanley are the joint bookrunners.

The notes, which rank pari passu with the company's first-lien bank debt, come with three years of call protection.

Proceeds will be used to refinance the company's first-lien term loans.

Ineos is a Lyndhurst, England-based manufacturer of specialty petrochemicals.

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