Shearman & Sterling advised J.P. Morgan Europe Limited as Administrative Agent on an amendment to INOVYN Finance plc’s existing $816 million term loan B to reprice its facility and upsize it by $254 million.
Inovyn Finance Plc supplies polyvinyl chloride, caustic soda, and caustic potash chemicals. The company operates through two segments, ChlorVinyls and Enterprises. It offers vinyl chloride monomer and polyvinyl chloride resins; chlorine for producing chlorine derivatives; caustic soda for pulp and paper industry; caustic potash for use in fertilizers, airport de-icing, and battery manufacturing; hydrochloric acid for use in pharmaceutical, metallurgy, electronics, and food industries; and sodium hypochlorite, a cleaning agent and disinfectant for businesses and utility companies.
The Shearman & Sterling team below also included trainees Saloni Patel and Holly Smith.