SI Group plans new debt financing for buyout by SK Capital Partners

By Sara Rosenberg

New York, June 1 – SI Group has received a commitment for debt financing to help fund its acquisition by SK Capital Partners from descendants of W. Howard Wright, according to a news release.

JPMorgan Chase Bank, HSBC Securities (USA) Inc., Deutsche Bank Securities Inc. and Bank of America Merrill Lynch provided the debt commitment.

At the close of the transaction, SI Group will be combined with SK Capital’s current portfolio company Addivant, a Danbury, Conn.-based supplier of additives used to improve the production and performance properties of polymers, plastics and rubbers.

Closing is expected in the second half of this year.

SI Group is a Schenectady, N.Y.-based developer and manufacturer of performance additives and intermediates.

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