TPG Capital’s Nexeo Plans Debt to Buy Ashland Distribution Unit

Nexeo Solutions LLC, an entity formed by affiliates of TPG Capital for its acquisition of Ashland Inc.’s distribution unit, plans to sell $200 million of senior subordinated seven-year notes, according to a person familiar with the transaction.

The debt, which will be non-callable for three years, may be priced as soon as next week, said the person, who declined to be identified because terms aren’t set.

To contact the reporter on this story: Sapna Maheshwari in New York at sapnam@bloomberg.net

To contact the editor responsible for this story: Mitchell Martin at mmartin53@bloomberg.net

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