Polynt attempting to place €300 million five-year secured notes backing shareholder dividend

By Paul A. Harris

Portland, Ore., June 26 – Polynt Group was scheduled to launch a €300 million offering of five-year senior secured notes on a Monday global conference call with investors, according to market sources.

The notes come with two years of call protection.

JPMorgan is the lead.

The Bergamo, Italy-based specialty chemical producer plans to use the proceeds plus €183.7 million of balance sheet cash to fund a dividend to shareholders.

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