Chemours to launch $2.5 billion credit facility on Wednesday

By Sara Rosenberg

New York, April 17 – Chemours Co. is scheduled to hold a bank meeting on Wednesday to launch a $2.5 billion senior secured credit facility, according to a market source.

J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are the lead banks on the deal.

The facility consists of a $1 billion revolver and a $1.5 billion term loan B, the source said.

Proceeds will be used to help fund the company’s spinoff from EI DuPont de Nemours & Co.

Chemours businesses include titanium technologies based around the white pigment titanium dioxide, fluoroproducts, and chemical solutions aimed at the gold production, oil refining, agriculture, industrial polymers and other industries.

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