INEOS announces borrowing of additional term loans
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INEOS ANNOUNCES BORROWING OF ADDITIONAL TERM LOANS
LYNDHURST – October 29, 2021
INEOS Holdings Limited today announced that its indirect wholly owned finance subsidiaries, INEOS Finance plc and INEOS US Finance LLC, intend to borrow, under the existing Senior Secured Term Loan Agreement, additional term loans in an aggregate principal amount of approximately €1,080,000,000 (equivalent) (the “TLB Financing”). The net proceeds of the TLB Financing, together with cash on hand, will be used to (i) redeem all of the outstanding 53/8% Senior Notes due 2024 and 5 5/8% Senior Notes due 2024 issued by INEOS Group Holdings S.A. pursuant to an indenture dated April 9, 2016, as amended from time to time or other indebtedness, (ii) pay transaction fees and expenses and (iii) to the extent of any remaining net proceeds, for general corporate purposes.
There can be no assurance that the TLB Financing will be completed.
For further information, please contact:
Direct tel.: +41 (0) 21 627 7063
Mobile: +41 (0) 799 626 123
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Forward Looking Statements
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