OCI Beaumont to launch $50 million add-on term loan on Tuesday

By Sara Rosenberg

New York, June 22 – OCI Beaumont LLC is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a fungible $50 million add-on term loan, according to a market source.

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

Price talk on the term loan is Libor plus 450 basis points with a 1% Libor floor and an original issue discount that is still to be determined, the source said.

Proceeds will be used for general corporate purposes.

OCI Beaumont is a Nederland, Texas-based ammonia and methanol production complex.

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