Goldman Sachs (GS) is preparing a $3.75 billion debt financing to support Arclin's acquisition of DuPont de Nemours' (DD) Aramids units, Bloomberg reported Thursday, citing people with knowledge of the matter.
The offering is expected to comprise $2.25 billion in dollar- and euro-denominated leveraged loans, $1 billion in privately-placed junk bonds, and a $500 million credit revolver, sources told the news agency.
Terms are still being negotiated and a transaction could launch as soon as this week, the people told Bloomberg.
Goldman Sachs did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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