OCI Beaumont finalizes $50 million add-on term loan issue price at par

By Sara Rosenberg

New York, June 30 – OCI Beaumont LLC firmed the issue price on its fungible $50 million add-on term loan at par, the tight end of the 99.75 to par talk, according to a market source.

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

Pricing on the term loan is Libor plus 450 basis points with a 1% Libor floor.

Proceeds will be used for general corporate purposes.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.