ASK Chemicals refinances senior credit facilities

ASK Chemicals, a leading global supplier of high-performance industrial resins and materials, today announced that it has signed definitive agreements to refinance the company's existing senior secured credit facilities; consisting of a EUR190m senior secured term loan facility and a EUR25m senior secured multi-currency revolving credit facility. The new financing provides for a EUR225m senior secured term loan facility and a EUR40m senior secured multi-currency revolving credit facility. Closing of the refinancing is expected to occur in mid-January 2023.

Hubi Windegger, Chief Financial Officer of ASK Chemicals: "We are delighted to achieve this stage of the refinancing and associated extension of maturities. 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 the sole mandated lead arranger and book runner on the financing.