Atotech talks $200 million add-on term loan B at Libor plus 300 bps

New York, May 21 – Atotech BV is talking its $200 million add-on term loan B due Jan. 31, 2024 at Libor plus 300 basis points with a 1% floor for Libor and a price of 99.75 to par, according to a market source.

Commitments are due at 10 a.m. ET on Thursday.

The loan launched with a lender call on Monday.

Barclays and J.P. Morgan Securities LLC are the bookrunners on the deal.

Proceeds will be used to partially fund a distribution to shareholders and to pay related fees and expenses.

The company is also offering $300 million of five-year senior PIK toggle notes.

Atotech is a Berlin-based manufacturer of specialty plating chemicals and equipment.

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