Polynt sets initial talk for €300 million five-year secured notes in low-to-mid 9% area

By Paul A. Harris

Portland, Ore., June 27 – Polynt Group set initial price talk on its €300 million offering of five-year senior secured notes in the low-to-mid 9% area, according to a market sources.

The roadshow is expected to run through Wednesday, with the notes set to price thereafter.

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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