Linklaters advises Rhône on the inaugural HY issuance by ASK Chemicals

Linklaters acted for ASK Chemicals (a Rhône portfolio company) on its €325 million secured notes and €40 million revolving credit facility.

ASK Chemicals is one of the leading global suppliers of specialty chemicals and consumables, with its business contributing to mission-critical parts and equipment for a number of end markets, including vehicles, equipment, infrastructure, power generation, agriculture, and various industrial applications, including friction, abrasives, coatings, impregnation and refractory.

The proceeds from the transaction refinanced in full the OpCo secured private debt and part of a HoldCo PIK instrument (put in place to finance a tack-on acquisition in 2021).

The transaction was led by partners Alek Naidenov and Tom Waller, with managing associate Imogen Bailey and associates Victoria Dodev and Dami Banire.