Archroma sets talk in $850 million dollar/euro refi loan deal

By Paul A. Harris

Portland, Ore., Feb. 21 – Switzerland-based specialty chemicals producer Archroma set price talk in its $850 million equivalent term loans B due June 2027 (B2/B), according to a market source.

A dollar-denominated tranche is talked with a 525 basis points spread to SOFR atop a 0.5% floor at 95 to 96. Commitments are due on March 2.

A euro-denominated tranche is talked with a 550 bps spread to Euribor, no floor, at 95 to 96. Commitments are due on March 3.

Administrative agent HSBC is a global coordinator, as well as physical bookrunner for the euro-denominated tranche and a 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 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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