Axiall launches $250 million term loan B due 2022

By Toni Weeks

San Luis Obispo, Calif., Feb. 18 – Axiall Corp. announced it is launching a proposed $250 million senior secured term loan B due 2022. Wholly owned subsidiary Axiall Holdco, Inc. will be the borrower.

The new loan will replace subsidiary Eagle Spinco Inc.’s term loan due 2017 that was obtained in January 2013.

Proceeds will be used to repay the existing term loan, to pay transaction fees and expenses and for general corporate purposes.

Axiall is a chemicals and building products company based in Atlanta.

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