Arxada AG secures agreement to extend debt with senior lenders

5 articles · Updated · Bloomberg · Apr 27

The Swiss specialty chemical firm, backed by Bain Capital and Cinven, has signed a debt extension deal with key senior secured creditors.
Other secured creditors are currently in discussions to join the agreement, which aims to delay repayments amid financial pressures.
The move comes as the chemical industry faces mounting challenges from rising energy costs and weak demand, prompting companies to seek financial flexibility.

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