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Published on 10/7/2019 in the Prospect News High Yield Daily.

OCI to launch $1.1 billion equivalent dollar-, euro-denominated notes

By Marisa Wong

Los Angeles, Oct. 7 – OCI NV said it is launching a $1.1 billion equivalent offering of senior secured notes (Ba3/BB/BB) denominated in dollars and euros.

The Rule 144A and Regulation S notes will be guaranteed by some of the company’s subsidiaries.

Proceeds will be used to repay existing debt.

OCI is an Amsterdam-based producer and distributor of natural gas-based fertilizers and industrial chemicals.


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