Univar Solutions conditionally calls $454 million of notes due 2027

By Mary-Katherine Stinson

Lexington, Ky., July 21 – Univar Solutions Inc. issued a conditional notice of redemption for all its $454.03 million outstanding 5 1/8% senior notes due 2027, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 102.563 plus accrued interest on Aug. 1.

U.S. Bank NA is the trustee of the notes.

The redemption is conditioned on the closing of the company’s previously announced acquisition by affiliates of funds managed by affiliates of Apollo Global Management, Inc. and the Abu Dhabi Investment Authority and one or more of its affiliates.

At the company’s discretion, the redemption date may be delayed until the condition is met, or rescinded if the condition is not satisfied.

Univar is a Downers Grove, Ill.-based chemical company.

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