CABB/Monitchem launches two-tranche offering of notes due 2028

Chicago, April 17 – CABB Group launched a two-tranche offering of notes (B3/B) on Monday, according to a press release.

The offering will include floating-rate notes and fixed-rate notes with Monitchem Holdco 3 SA as issuer, both due in 2028.

Moody’s Investors Service assigned a rating to the notes based on an anticipated size of the combined tranches of €670 million, according to a news release.

Proceeds will be used to refinance the issuer’s existing floating-rate and fixed-rate senior notes due 2025 along with CABB’s parent company Montichem Holdco 2 SA’s existing senior notes due 2026.

CABB is a Sulzbach, Germany-based specialty chemicals company.

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