Shearman And Sterling

News November 11, 2021

INEOS’ €1.08 Billion Equivalent Term Loan Financing

Shearman & Sterling advised the joint global coordinators and bookrunners in connection with the raising of new financing by INEOS Finance plc and INEOS US Finance LLC comprising of a €350 million incremental senior secured facility and a $845 million incremental senior secured facility to their existing cross-border multicurrency credit agreement. The proceeds from the Euro and Dollar loans will be used to redeem senior notes due 2024 and for working capital and other general corporate purposes.

INEOS is one of the world’s leading petrochemicals manufacturers by revenue. It currently operates 36 individual businesses across the world.

The Shearman & Sterling team below included associates Kartika Pillay, Andrew Mavers (both New York-Finance) and Charlie Gelbon (Paris-Finance).

The Team

Regional Experience