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Rohm launches $612 million term loan B and €977 million term loan B
By Sara Rosenberg
New York, Jan. 13 – Rohm launched on Monday a $612 million term loan B (B2/B/B) due July 31, 2026 and a €977 million term loan B (B2/B/B) due July 31, 2026 with price talk of Libor/Euribor plus 500 basis points with a 0% floor and an original issue discount of 95, according to a market source.
Barclays, Deutsche Bank and Goldman Sachs are the bookrunners on the deal, with Barclays the left lead on the U.S. piece. Mandated lead arrangers include BofA Securities Inc., RBC Capital Markets, HSBC, NatWest, Bank of China and Helaba.
Commitments are due at the close of business on Jan. 28, the source said.
This transaction is a sell-down of the loans that were obtained last year for the buyout of Evonik Industries AG’s methacrylates business by Advent International for €3 billion.
Rohm, formerly known as Madrid, is a provider of methacrylate solutions to a variety of end markets, including paints and coatings, construction, automotive and health care.
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