ASK Chemicals, a global supplier of high-performance industrial resins and materials, signed definitive agreements to refinance the company’s existing senior secured credit facilities, consisting of a €190 million ($201.4 million) senior secured term loan facility and a €25 million ($26.5 million) senior secured multi-currency revolving credit facility. The new financing provides for a €225 million ($238.5 million) senior secured term loan facility and a €40 million ($42.4 million) senior secured multi-currency revolving credit facility. Closing of the refinancing is expected to occur mid-January 2023.
“We are delighted to achieve this stage of the refinancing and associated extension of maturities,” Hubi Windegger, CFO of ASK Chemicals, said. “We believe this is a strong message of support from our lenders which reflects our resilient business performance and reduced leverage.”
Goldman Sachs Bank Europe SE acted as sole mandated lead arranger and bookrunner on the financing.
