Baker Hughes’ Specialty Polymers plans debt for buyout by SK Capital

By Sara Rosenberg

New York, July 27 – Baker Hughes’ Specialty Polymers business has received a commitment for debt financing to help fund its acquisition by SK Capital Partners LP from Baker Hughes, according to a news release.

KeyBanc Capital Markets provided the debt commitment.

Closing is expected in the second half of the year.

The Specialty Polymers business, with manufacturing operations in Barnsdall, Okla., produces specialty low molecular weight olefin polymers, including a range of differentiated functional polymers and premium, high melting point polyethylene waxes.

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