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W.R. Grace to launch $900 million in term loans on Wednesday
By Sara Rosenberg
New York, Feb. 12 – W.R. Grace & Co. is scheduled to hold a lender call at noon ET on Wednesday to launch $900 million of first-lien senior secured term loan debt, according to a market source.
Goldman Sachs Bank USA is the left bookrunner on the deal.
The debt consists of a $300 million term loan B-1 and a $600 million term loan B-2, the source said.
Proceeds will be used to refinance existing debt and for mergers and acquisitions.
W.R. Grace is a Columbia, Md.-based product development and manufacturing company that produces and sells specialty chemicals and materials.
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