Dollar bonds backing Taminco buyout expected to come in January

By Paul A. Harris

Portland, Ore., Jan. 6 - Dealers are expected to bring about $460 million of high-yield bonds backing the leveraged buyout of Belgium's Taminco Group Holdings before the end of January, an informed source said on Friday.

Credit Suisse Securities (USA) LLC will lead the bond offering. Citigroup Global Markets Inc., Deutsche Bank, Goldman Sachs & Co., Nomura and UBS Securities LLC are expected to be involved.

Proceeds from the bonds, in addition to new bank debt, will be used to take out €720 million of committed financing backing the buyout of the company by Apollo Global Management LLC from CVC Capital Partners for about €1.1 billion.

The equity portion of the deal is about 40%.

Closing is expected in the first half of 2012, subject to customary conditions.

Taminco is a Belgium-based producer of alkylamines and their derivatives.

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