INEOS Group Holdings SA looks to extend maturities of Term Loan B due May 2015
INEOS Group Holdings SA ('IGH') is pursuing an extension of its existing short dated $366m Term Loan B to December 31, 2016 from its current maturity of May 2015. Lenders electing to extend their loans will receive an increase in margin of 50bps from L+200bps to L+250bps and an extension fee of 12.5bps.
There are no amendments required with the proposed transaction. The deadline for commitments is November 17, 2014.
Graeme Leask
Chief Financial Officer
Ineos Holdings
Tel: +44 2380 287012
Tel: +41 2162 77057