MacDermid gets debt financing commitment for public-to-private deal

By Sara Rosenberg

New York, Dec. 18 - MacDermid Inc. has received a debt financing commitment from Credit Suisse to help back its public-to-private transaction, according to a company news release.

Under the agreement, Daniel H. Leever, the company's chairman and chief executive officer, and investment funds managed by Court Square Capital Partners and Weston Presidio will acquire MacDermid in a transaction valued at more than $1.3 billion, including the assumption or repayment of about $301 million of debt.

The transaction is expected to be completed in the first half of 2007, subject to receipt of MacDermid stockholder approval and regulatory approvals, as well as satisfaction of other customary closing conditions. There is no financing condition.

MacDermid is a Denver-based specialty chemical manufacturer.

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