| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Angus Chemical Co. > News item |
Angus Chemical talks $225 million notes due 2023 to yield 8¾%-9%; books close Thursday
By Paul A. Harris
Portland, Ore., Jan. 21 – Angus Chemical Co. talked its $225 million offering of senior notes due 2023 (Caa1/B) to yield 8¾% to 9%, according to a syndicate source.
Books close at 11 a.m. ET on Thursday.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are the joint bookrunners.
The notes come with three years of call protection.
Proceeds will be used to help fund the buyout of the company by Golden Gate Capital from the Dow Chemical Co.
The issuing entity will be Aruba Investments, Inc., a holding company that Golden Gate Capital will use to acquire Angus Chemical from Dow Chemical Co.
Angus is a Buffalo Grove, Ill.-based manufacturer and distributor of nitroalkanes and their derivatives.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.