Atotech announces refinancing of senior secured credit facilities
Berlin, march 18, 2021 (globe newswire) -- atotech limited (nyse: atc) (“atotech” or the “company”), a leading specialty chemicals technology company and a market leader in advanced electroplating solutions, today announced that it has closed on the refinancing of its senior secured credit facilities. in particular, five of its indirect wholly owned subsidiaries—alpha 3 b.v., alpha us bidco, inc., atotech b.v., atotech deutschland gmbh and atotech asia pacific limited (collectively, the “borrowers”) successfully refinanced the company's existing senior secured credit facilities and entered into a new credit agreement (the “credit agreement”). the credit agreement provides for a u.s. dollar-denominated senior secured term loan facility in an initial aggregate principal amount of $1.35 billion (the “usd term loan”), a euro-denominated senior secured term loan facility in an initial aggregate principal amount of €200.0 million (the “eur term loan”), and a senior secured multi-currency revolving credit facility that provides for revolving loans, letters of credit and ancillary facilities in an aggregate principal amount of up to $250.0 million (the “revolving credit facility”).
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