Kymera to launch $275 million credit facility on Thursday

New York, Sept. 11 – Kymera International plans to hold a bank meeting at 10 a.m. ET on Thursday in New York for a $275 million credit facility, according to a market source.

The financing is made up of a $240 million covenant light first-lien term loan and a $35 million ABL revolver.

Goldman Sachs, HSBC and KeyBank are the lead arrangers with Goldman on the left.

Proceeds will be used to help finance a leveraged buyout of the company by Palladium Equity Partners.

Kymera is a Research Triangle Park, N.C.-based specialty materials company focused on the copper and aluminum metal powder industry.

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