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Hyperion Materials to launch $465 million credit facilities on Monday
By Sara Rosenberg
New York, July 15 – Hyperion Materials & Technologies is scheduled to hold a lender call on Monday to launch $465 million of credit facilities, according to a market source.
UBS Investment Bank and KKR Capital Markets are the lead arrangers on the deal.
The facilities consist of a $75 million revolver and a $390 million first-lien term loan, the source said.
Proceeds will be used to refinance existing debt.
Hyperion Materials, a portfolio company of KKR, is a Worthington, Ohio-based solutions provider of effective applications for hard and super-hard materials.
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