Germany’s Ineos marketing €500 million seven-year secured notes

By Paul A. Harris

Portland, Ore., Jan. 16 – Ineos Styrolution Group GmbH is shopping a €500 million offering of seven-year senior secured notes (expected ratings Ba2/BB) on an investor roadshow, according to market sources.

Credit Suisse is the lead.

The notes come with three years of call protection.

The Frankfurt-based styrenics supplier plan to use the proceeds to repay bank debt, as well as to fund a dividend to its ultimate parent, Ineos Ltd., and to fund capital expenditures.

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