Daily News: November 11, 2015

Barclays, Credit Suisse, Others Close $200MM Innospec Facility


Innospec, an international specialty chemicals company, announced successful closure on an amendment to its multi-currency revolving credit agreement with Barclays, Credit Suisse, Lloyds Bank, The Royal Bank of Scotland, U.S. Bank and Wells Fargo. This facility provides for the availability of $200 million in credit through 2020, and allows the company to request a further amount of up to $50 million to be committed by the group of lenders.

Commenting on the refinancing, Patrick S. Williams, president and chief executive officer of Innospec, said, “We are very pleased to complete this refinancing with improved terms, which demonstrates the confidence our banking group has in the strength of our business and its future prospects for growth and profitability. The credit facility will support the continued development of our strategy and facilitate the growth and expansion of our business.”