Interceramic Successfully Completes USD 640 Million Take-Out Financing
Summary
This transaction not only enables the full repayment of the previous acquisition bridge financing used in the Public Share Acquisition held in June 2024 but also fortifies Interceramics capital structure, positioning it for sustained growth and market leadership.The refinancing transactions include i) a USD 320 million 4(a)(2) Private Placement ii)a USD 183 million equivalent Dual-Currency Senior Secured Term Loan and Revolver; and iii) a USD 135 million Subordinated Debt facility. Prudential Investment Management Services LLC acted as arranger on the private placement, and subordinated debt facility, and BBVA, Bladex, BNP Paribas, HSBC, and Scotiabank acted as Joint Lead Arrangers and Bookrunners on the senior secured termloan. ; Mijares, Angoitia, Cortes y Fuentes SC; Galicia Abogados S.C.; Creel, Garc\xeda-Cu\xe9llar, Aiza y Enr\xedquez, S.C.; Fern\xe1ndez, Garc\xeda Naranjo, Boker y Garibay, S.C., Natera Consultores, S.C. and Alvarez Alcala S.C.; Mesta,S.C. and Mark Mendel as legal General Counsel.This refinancing initiative underscores Interceramics resilience, financial discipline, and unwavering commitment to operational excellence. With this new capital structure, we are more empowered than ever to drive innovation, expand ourmarket reach, and solidify our leadership in the industry.
Funding
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