Kerling sets Wednesday investor meeting for €75 million loan note

By Paul A. Harris

Portland, Ore., June 14 - England-based Kerling plc, along with arranger Bank of America Merrill Lynch, will host a Wednesday investor meeting for Kerling's €75 million loan note offering, according to a market source.

The transaction is basically a loan in note form, the London-based debt capital markets banker remarked.

Kerling, through its Ineos ChlorVinyls business, will use the proceeds to help finance its acquisition of Belgium-based Tessenderlo Group's chlor-vinyls business and assets in Belgium, France and the Netherlands for €110 million in cash.

Kerling is a Runcorn, England-based producer of PVC and related products.

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