trending Market Intelligence /marketintelligence/en/news-insights/trending/uvYdDuBV3yrv4_rtOUSlgg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: €1.75B of leveraged loans in the works for Advent's Evonik unit buyout

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


Report: €1.75B of leveraged loans in the works for Advent's Evonik unit buyout

A syndicate of banks led by Barclays, Deutsche Bank and Goldman Sachs is lining up approximately €1.75 billion of leveraged loans to fund Advent International Corp.'s purchase of the methacrylates plastics business of German chemicals group Evonik Industries AG, Reuters reported, citing banking sources.

The other participating banks are Bank of America Merrill Lynch, Bank of China, HSBC, NatWest Markets and Royal Bank of Canada. The financing package includes a €1.49 billion term loan B and undrawn facilities, and is expected to launch for syndication to the loan investors within a few months, according to the sources.

Evonik is selling its clear acrylic sheet business for €3 billion to the private equity firm.

A €1.5 billion unitranche loan was offered by Blackstone Group LP's credit division GSO Capital Partners LP to Advent. However, the investor went in favor of a cheaper underwritten syndicated loan, they added. Advent did not comment on the matter.