Rinchem sets Jan. 27 call to launch $300M term loan for buyout by Stonepeak

An RBC Capital Markets-led arranger group has scheduled a lender call for 10 a.m. ET on Jan. 27 to launch a $300 million first-lien term loan for Rinchem Co. Inc., according to sources.

Price talk for the seven-year term loan is not yet available, but proceeds will be used to back the acquisition of the company by Stonepeak Partners.

Barclays, Deutsche Bank and Macquarie are also joint lead arrangers on the deal. Financing will also include a $35 million, five-year revolving credit facility.

Rinchem is a specialized supply chain solutions provider to high-growth end markets, including semiconductor manufacturing, pharmaceuticals and biotechnology.