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.
