OCI Beaumont launches $165 million term loan B-2 at Libor plus 500 bps

By Sara Rosenberg

New York, Nov. 18 - OCI Beaumont LLC held a call at 2:30 p.m. ET on Monday to launch a $165 million incremental term loan B-2 due August 2019 that is talked at Libor plus 500 basis points with a 1.25% Libor floor, according to a market source.

The loan has 101 soft call protection through August 2014, the source said.

Bank of America Merrill Lynch is the lead bank on the deal.

Proceeds will be used to repay intercompany loans.

OCI Beaumont is an ammonia and methanol production complex in Beaumont, Texas.

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