AOC readies launch of $1.26 billion term loan B for Tuesday

By Sara Rosenberg

New York, Sept. 20 – AOC LLC will hold a lender call at 11 a.m. ET on Tuesday to launch a $1.26 billion seven-year term loan B, according to a market source.

BofA Securities Inc., RBC Capital Markets, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Goldman Sachs Bank USA are the leads on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to help fund the buyout of the company by Lone Star Funds from CVC Capital Partners.

AOC is a Schiphol, Netherlands-based producer of specialty resins.

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