Arizona Chemical to launch $100 million add-on term loan on Wednesday

By Sara Rosenberg

New York, Dec. 11 - Arizona Chemical Inc. will hold a call on Wednesday to launch a $100 million add-on term loan that is talked at Libor plus 575 basis points with a 1.5% Libor floor and a par offer price, according to a market source.

The spread and floor matches existing term loan pricing.

Goldman Sachs & Co. is the lead bank on the deal.

Proceeds will be used to fund a dividend.

Arizona Chemical is a Jacksonville, Fla., supplier of pine chemicals to the adhesives, inks and coatings and oleochemicals markets.

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