OCI Beaumont to launch $399 million term loan B repricing on Monday

By Sara Rosenberg

New York, March 20 - OCI Beaumont LLC is set to hold a call on Monday to launch a repricing of its $399 million term loan B-2 due Aug. 20, 2019, according to a market source.

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

Current pricing on the loan is Libor plus 500 basis points with a 1.25% Libor floor.

Closing is expected in April.

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

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