Vertellus Specialties to repay term loans with secured notes proceeds

By Sara Rosenberg and Paul A. Harris

New York, Sept. 20 - Vertellus Specialties Inc. plans on refinancing its first- and second-lien term loans using proceeds from a $325 million five-year secured notes offering, according to a market source.

Vertellus is an Indianapolis-based provider of specialty chemicals for the agriculture, nutrition, pharmaceutical and medical, personal care, plastics, coatings and industrial markets.

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