Chicago, March 20 – Ineos Quattro Finance 2 plc placed €250 million of additional notes that will be issued under the indenture for the 8˝% notes due 2029, issued on Nov. 14, 2023.
According to a release, proceeds will be used to repay a portion of the company’s term loan B due 2026 from the credit agreement dated July 31, 2020 and to pay related fees and expenses.
The notes were placed with certain investors in a private transaction.
Ineos Quattro Holdings Ltd. is a London-based chemicals company.
| Issuer: | Ineos Quattro Finance 2 plc
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| Amount: | €250 million
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| Issue: | Senior secured notes
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| Maturity: | March 15, 2029
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| Coupon: | 8˝%
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| Announcement date: | March 20
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| Distribution: | Private
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| Total issue size: | €775 million with €525 million issued on Nov. 14, 2023
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