AOC launches $1.26 billion term loan B at Libor plus 375-400 bps

By Sara Rosenberg

New York, Sept. 21 – AOC LLC launched on Tuesday its $1.26 billion seven-year term loan B with price talk of Libor plus 375 basis points to 400 bps with a 0.5% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months.

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.

Commitments are due at noon ET on Sept. 30, the source added.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.