Ineos Group plans €400m bond sale to repay 2027 and 2028 debt
Updated
Updated · Bloomberg · May 5
Ineos Group plans €400m bond sale to repay 2027 and 2028 debt
7 articles · Updated · Bloomberg · May 5
The five-and-a-half-year issue, worth about $468 million, will be sold through Ineos Finance, an issuing entity for Jim Ratcliffe’s heavily indebted chemicals conglomerate.
Proceeds are intended to repay all senior secured term loans due in 2027 and part of a dollar-denominated loan maturing in 2028.
Ineos Group operates across chemicals including olefins and polymers, and the refinancing would help address near-term maturities in its debt stack.
With soaring debt and junk ratings, is billionaire Jim Ratcliffe's financial gamble at Ineos about to unravel?
Is the Middle East conflict a lifeline for debt-laden Ineos, or will it sink its flagship project?