Prince International Corporation

Overview

Deal Type Debt Capital Markets
Size $2.77 Billion
Senior Secured Credit Facilities
Client & Transactional Partners Prince International Corporation
American Securities LLC
Ferro Corporation
Chromaflo Technologies Corporation
Our Role Joint Bookrunner
Joint Lead Arranger

Summary

On April 21, 2022, Prince International Corporation (Prince), a portfolio company of American Securities LLC (American Securities), successfully closed the acquisition of Ferro Corporation (Ferro) and subsequent merger with Chromaflo Technologies Corporation (Chromaflo). KeyBanc Capital Markets acted as Joint Lead Arranger and Joint Bookrunner on the financing which included $2.77 billion of Senior Secured Credit Facilities, comprised of a $325 million Revolving Credit Facility and a $2.445 billion Term Loan B, as well as $756 million of Senior Unsecured Notes. The financing was issued under the entity name, PMHC II, Inc.

Prince is a leading global manufacturer of specialty chemicals, minerals, and industrial additives that specializes in developing, manufacturing, and marketing mission-critical additives. Chromaflo is a manufacturer of liquid colorants and dispersions. Ferro is a supplier of functional coatings and color solutions. The three companies combined create a diversified global chemicals company of scale with exposure to stable and growing end markets. Both Prince and Chromaflo are portfolio companies of American Securities.

Recent Deals

November 2022

Mount Union Senior Lofts

$20MM

Construction loan & LIHTC equity

Construction
Low Income Housing Tax Credits

mount-union-senior-lofts
November 2022

has affiliated with

a portfolio company of

 

Sell-Side Advisor

Healthcare Investment Banking

illinois-retina-associates
October 2022

The Heron apartments

$20 Million

High Leverage Bridge Loan

Bridge

the-heron-apartments
October 2022

has received a $500 million equity investment from

 

 

$500 Million

Sell-Side Advisor

Mergers & Acquisitions

longroad-energy
October 2022

has been acquired by

 

$185 Million

Exclusive Sell-Side Advisor

Mergers & Acquisitions

martin-door-holdings-inc
October 2022

has acquired

$250 Million

Senior Secured Credit Facility

Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

pgt-innovations,-inc-
October 2022

Caesars Entertainment 

$3 Billion

Senior Secured Credit Facilities

Syndication Agent

Debt Capital Markets

caesars-entertainment-inc
October 2022

Richland Marketplace

 

$16.79 Million

Acquisition

Lender

Life Company

richland-marketplace
September 2022

 

$90 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

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September 2022

Marylhurst Commons

$58.7 Million

Construction
Freddie Mac
Low Income Housing Tax Credits

marylhurst-commons
September 2022

 

$153 Million

Commercial Property Assessed Clean Energy Financing

Structuring Agent

Debt Capital Markets

black-desert-resort
September 2022

 

$260 Million

First Mortgage Bonds

Joint Lead Placement Agent

Private Placement

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September 2022

Southern Col MidCo, LLC

$170 Million

Senior Secured Notes

Joint Lead Placement Agent

Private Placement

southern-col-midco-llc
September 2022

 

$130 Million

First Mortgage Bonds

Joint Lead Placement Agent

Private Placement

duquesne-light-company
September 2022

Northern States Power Company (a Wisconsin Corporation)

$100 Million

First Mortgage Bonds

Sole Placement Agent

Private Placement

northern-states-power-company
September 2022

$600 Million

Delayed Draw Term Loan

$700 Million

Bridge Revolver

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

gaming-and-leisure-properties-inc
September 2022

Welltower 

$750 Million

Unitranche Joint Venture

First mortgage financing available for seniors housing & skilled nursing facilities

welltower-1
September 2022

Welltower 

$5.2 Billion

Senior Unsecured Credit Facility

Joint Lead Arranger
Administrative Agent

welltower

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