Gemini HDPE to launch $411 million term loan B repricing on Tuesday

By Sara Rosenberg

New York, Jan. 9 – Gemini HDPE LLC is set to hold a lender call at 10 a.m. ET on Tuesday to launch a repricing of its existing $411 million term loan B due Aug. 7, 2021, according to a market source.

Barclays is the bookrunner on the deal.

The term loan will be repriced from Libor plus 375 basis points with a 1% Libor floor.

Gemini HDPE is a bimodal, high-density polyethylene plant in Texas.

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