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Eco Services intends to sell $200 million senior notes due 2022
By Paul A. Harris
Portland, Ore., Oct. 1 – Eco Services Operations LLC plans to sell $200 million of senior notes due 2022 (Caa1/CCC+), according to a market source.
Credit Suisse Securities (USA) LLC is the lead manager.
Timing on the deal has not been announced, the source said.
The Cranbury, N.J.-based chemical company launched a $500 million term loan on Monday.
Proceeds from the bonds and loan, along with an equity contribution from private equity sponsor CCMP Capital Advisors, will be used to fund the purchase of Solvay SA’s sulfuric acid business for $890 million.
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