CII Carbon seeks $270 million credit facility

By Sara Rosenberg

New York, June 16 - CII Carbon LLC is in-market with a $270 million credit facility that will be used to refinance existing debt, according to a market source.

JPMorgan is the sole lead bank on the deal.

The facility, which launched earlier this week, consists of a $50 million five-year revolving credit facility talked at Libor plus 200 basis points and a $220 million seven-year term loan B talked at Libor plus 225 bps, the source said.

CII Carbon is a New Orleans-based producer of calcined petroleum coke.

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