PQ Performance Chemicals places $70 million delayed-draw term loan

By Sara Rosenberg

New York, Dec. 28 – PQ Performance Chemicals (Sparta US HoldCo LLC) completed the private placement of a $70 million delayed-draw term loan on Dec. 22, according to a market source.

UBS Investment Bank acted as the lead arranger on the transaction.

Proceeds will be used to pre-fund capital expenditures and related fees and expenses.

PQ Performance Chemicals, owned by Cerberus and Koch Minerals & Trading, is a producer of sodium silicates, specialty silicas, zeolites and other derivatives.

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