Avantor to issue $800 million unsecured debt to help fund acquisition

By Paul A. Harris

Portland, Ore., Oct. 7 – Avantor Co. plans to issue $800 million of unsecured debt as part of the financing for its acquisition of the Masterflex bioprocessing business and related assets of Antylia Scientific for $2.9 billion.

Citigroup will lead the notes sale.

The financing also includes a $900 million term loan set to launch on a Tuesday lender call.

Avantor is a Radnor, Pa.-based provider of mission-critical products and services to customers in the life sciences and advanced technologies & applied materials industries. Masterflex is a Vernon Hills, Ill.-based manufacturer of peristaltic pumps and aseptic single-use fluid transfer technologies.

© 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.