Swiss chemicals company Archroma is set to refinance its debt through a $1 billion sale led by banks, aiming to address a loan maturity next year. The transaction includes leveraged loans in euros and U.S. dollars.
- Banks are facilitating a $1 billion debt sale for Archroma.
- $846 million of the sale consists of leveraged loans in euros and U.S. dollars.
- The proceeds will be used to pay down a term loan and partially repay a revolving-credit facility.
- Commitments for the debt sale are due on April 14.
- Archroma is seeking to refinance a loan maturing next year.
- The company has shown improving earnings despite a difficult period in the chemicals sector.
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