Nalco launches term loan B repricing

By Sara Rosenberg

New York, Feb. 14 - Nalco Co. launched a repricing of its term loan B under which the spread would drop to Libor plus 175 basis points from Libor plus 200 bps, according to a market source.

Citigroup is the lead bank on the deal.

A conference call to launch the repricing effort to investors took place on Monday, the source added.

Nalco is a Naperville, Ill., provider of water treatment and process chemicals and services.

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