Arysta LifeScience to launch $1.81 billion credit facility on Thursday

By Sara Rosenberg

New York, May 8 - Arysta LifeScience Corp. is set to hold a bank meeting at 9:30 a.m. ET in New York on Thursday to launch a proposed $1,805,000,000 credit facility, according to a market source.

J.P. Morgan Securities LLC is the left lead on the deal.

The facility consists of a $150 million five-year revolver, a $1.1 billion seven-year first-lien term loan and a $555 million 71/2-year second-lien term loan, the source said.

Proceeds will be used to refinance existing debt.

Arysta LifeScience is a Tokyo-based crop protection and life science company.

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