Invictus to launch $815 million credit facility with call on Thursday

New York, Jan. 30 – Invictus will launch an $815 million credit facility with a lender call at 10 a.m. ET on Feb. 1, according to a market source.

The facility includes a $100 million five-year revolver, a $545 million seven-year first-lien term loan and a $170 million eight-year second-lien term loan.

Barclays, Goldman Sachs and HSBC are arrangers. Barclays will be administrative agent on the first-lien debt, while Goldman is administrative agent on the second-lien piece.

Invictus will own the fire safety and oil additives divisions of Israel Chemicals Ltd.

Proceeds from the loan financing will be used to help fund the acquisition of Invictus by sponsor SK Capital.

Commitments are due at 12 p.m. ET on Feb. 15.

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