Atotech readies launch of $1.65 billion credit facility for Thursday

By Sara Rosenberg

New York, Jan. 9 – Atotech BV is scheduled to hold a bank meeting on Thursday to launch a $1.65 billion credit facility, according to a market source.

Barclays, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc., Nomura, RBC Capital Markets and Bank of China are the bookrunners on the deal.

The facility consists of a $250 million revolver and a $1.4 billion senior secured term loan B, the source said.

Proceeds will be used with equity to fund the buyout of the company by the Carlyle Group from Total for $3.2 billion.

Closing is subject to approval by the relevant antitrust authorities.

Atotech is a manufacturer of specialty plating chemicals and equipment.

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