Archroma launches $25 million tack-on term loan to investors

By Sara Rosenberg

New York, March 27 - Archroma held a call on Thursday to launch a $25 million tack-on term loan to its existing $320 million term loan B, according to a market source.

Jefferies Finance LLC is leading the deal.

Pricing on the tack-on is Libor plus 825 basis points with a 1.25% Libor floor, in line with the existing term loan B, and the debt is offered at an original issue discount of 99, the source said.

Proceeds will be used to repay revolving credit facility borrowings and fund an investment in a joint venture.

Commitments are due on Monday, the source added.

Archroma is a Switzerland-based textile chemicals, paper specialties and emulsions company.

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