Taminco sizes bond portion of LBO financing at $452 million

By Paul A. Harris

Portland, Ore., Jan. 11 - Taminco Group Holdings sized the high-yield bond portion of its leveraged buyout financing at $452 million, a market source said on Wednesday.

Credit Suisse Securities (USA) LLC will lead the deal, which is expected to hit the market before the end of the month.

Citigroup Global Markets Inc., Deutsche Bank, Goldman Sachs & Co., Nomura and UBS Securities LLC are expected to be involved.

An identically sized term loan B, which is being led by Citigroup, launched at a Wednesday bank meeting.

Proceeds 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 contribution for the transaction is about 40%.

Closing is expected in mid-February, subject to customary conditions.

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

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