Chemours discloses talk on U.S. and euro term loan Bs with launch

By Sara Rosenberg

New York, March 20 – Chemours Co. launched its lender call on its $1,022,000,000 term loan B due May 12, 2022 with price talk of Libor plus 250 basis points with a 0% Libor floor and an original issue discount of 99.75 to par, according to a market source.

The company also launched its new $350 million-equivalent euro term loan B due May 12, 2022 with talk of Euribor plus 225 bps with a 0.75% floor and a discount of 99.75 to par, the source said.

Barclays and J.P. Morgan Securities LLC are the joint lead arrangers on the deal.

Proceeds will be used to reprice/refinance an existing term loan B due 2022 and to pay related fees and expenses.

Commitments are due at noon ET on March 28.

Chemours is a Wilmington, Del.-based provider of performance chemicals.

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