Moody's: Vantage unchanged on add-on

Moody's Investors Service said that Vantage Specialty Chemicals, Inc.'s B3 corporate family rating is unchanged by the company's proposed $73 million add-on to its first-lien term loan and $15 million add-on to its second-lien term loan.

Also unchanged are the B3 ratings on the first-lien revolving facility and term loan and the Caa2 rating on the second-lien term loan.

The total $88 million proceeds of the issuance will be used to finance the acquisition of Leuna Tenside GmbH, a producer of specialty surfactants and emulsifiers in Germany, Moody's explained.

The outlook is stable.

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