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AOC to approach lenders with $375 million incremental term loan
By Sara Rosenberg
New York, Sept. 8 – AOC LLC (LSF11 A5 HoldCo LLC) emerged with plans to bring a fungible $375 million incremental term loan B due Oct. 15, 2028 to market, according to a market source.
BofA Securities Inc., RBC Capital Markets and others to be announced are the arrangers on the deal.
The incremental term loan has 101 soft call protection for six months, the source said.
Proceeds will be used with cash on hand to return capital to shareholders and pay related fees and expenses.
AOC is a specialty chemicals company with U.S. headquarters in Collierville, Tenn.
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