Orion Engineered to launch U.S. and euro term loans on Tuesday

By Sara Rosenberg

New York, Oct. 16 – Orion Engineered Carbons is scheduled to hold a call at 10 a.m. ET on Tuesday to launch a $289 million first-lien senior secured term loan B and a €331 million first-lien senior secured term loan B, according to a market source.

Goldman Sachs Bank USA is the bookrunner on the deal, and mandated lead arrangers are Citizens Bank, Goldman Sachs, ING Bank and Mediobanca International (Luxembourg) SA.

Proceeds will be used to refinance existing term loans, the source said.

Orion Engineered Carbons is a Frankfurt-based producer of carbon black.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.