Univar to pay down term loan balance with proceeds from business sale

By Sarah Lizee

Olympia, Wash., Jan. 6 – Univar Solutions Inc. plans to pay down its existing term loan debt balance with proceeds from the $195 million sale of its environmental sciences business to AEA Investors, according to a press release.

Univar is a Downers Grove, Ill.-based chemical and ingredients distributor and provider of value-added services including specialty product blending, automated tank monitoring and refill, chemical waste management and digitally enabled marketing and sales.

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