Archroma sets Tuesday lender call for $850 million equivalent dollar/euro refi loan deal

By Paul A. Harris

Portland, Ore., Feb. 17 – Switzerland-based specialty chemicals producer Archroma set a Tuesday global lender call at 10 a.m. ET for an $850 million equivalent amount of term loans B due June 2027 (B2/B) in dollar-denominated and euro-denominated tranches, according to a market source.

Small group meetings with investors will follow.

Commitments on the dollar-denominated tranche are due on March 2, with euro-denominated tranche commitments due on March 3.

Administrative agent HSBC is a global coordinator as well as physical bookrunner for the euro-denominated tranche and passive bookrunner for the dollar-denominated tranche. JPMorgan is a global coordinator as well as physical bookrunner on the dollar-denominated tranche and passive bookrunner on the euro-denominated tranche.

The dollar-denominated tranche has a 0% floor. The euro-denominated tranche has a 0.5% floor.

The borrowing entity will be Archroma Finance Sarl.

Proceeds will be used to refinance/extend the first-lien dollar-denominated and euro-denominated term loan B due August 2024 and the capex facility and for general corporate purposes.

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