Nouryon shops $4.2 billion term loan at Libor plus 300 bps

By Sara Rosenberg

New York, Jan. 15 – Nouryon is looking to get a $4,197,000,000 term loan that is talked at Libor plus 300 basis points with a 0% Libor floor and a par issue price, according to a market source.

J.P. Morgan Securities LLC is the left lead bank on the deal.

Proceeds will be used to reprice an existing term loan down from Libor plus 325 bps.

Nouryon, formerly known as AkzoNobel Specialty Chemicals, is an Amsterdam-based specialty chemicals company.

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