Platform Specialty Products gets commitment for $375 million term loan

By Angela McDaniels

Tacoma, Wash., June 26 – Platform Specialty Products Corp. and MacDermid, Inc. received a commitment for a $375 million senior secured term loan from Barclays Bank plc, Credit Suisse Securities (USA) LLC and Credit Suisse AG, according to a schedule 14A filing with the Securities and Exchange Commission.

MacDermid Americas Acquisition Inc., a subsidiary of Platform, has agreed to acquire OM Group, Inc.’s photomasks and electronic chemical businesses in two separate transactions after OM Group is acquired by Apollo Global Management, LLC.

MacDermid will acquire most of the businesses for about $240 million after the acquisition of OM Group closes and the remaining portion of the businesses in January 2016 for about $125 million.

In addition, MacDermid has committed to provide a $125 million senior secured term loan to Apollo.

Platform is a Miami-based specialty chemicals company.

OM Group is a Cleveland, Ohio-based technology-driven diversified industrial company.

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