Ineos plans to sell €770 million eight-year secured notes on Thursday

By Paul A. Harris

Portland, Ore., April 22 – Ineos Finance plc plans to price a €770 million offering of eight-year senior secured notes (expected ratings Ba3/BB-) on Thursday, according to a market source.

Investor conference calls were scheduled to take place Wednesday.

JPMorgan and Barclays are the global coordinators for the Rule 144A and Regulation S offering. HSBC, Royal Bank of Scotland, UBS and ING are bookrunners.

The notes come with three years of call protection.

The London-based manufacturer of petrochemicals, specialty chemicals and oil products plans to use the proceeds to redeem all of its 7½% senior secured notes due 2020.

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