December 21 2017

Nexeo to reduce Cash Interest Burden

Term Loan Credit Facility Repricing for Nexeo Solutions

US-based chemicals and plastics distributor Nexeo Solutions, Inc. (The Woodlands (Houston), TX – United States of America) earlier this week announced that it has reached an agreement to ammend its term loan credit facility, with a 50 basis points reduction in the interest rate to LIBOR plus 3.25% from LIBOR plus 3.75%.

 

The ammendment will result in an estimated USD 3.2 mn annual reduction to Nexeo’s cash interest expense for each of the next five years. All other terms remain unchanged.

 

Source: Nexeo press release

 

HGE – DCG / 21.12.2017

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