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

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Feb. 16 (Bloomberg) -- 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.

Link to Company News:{8818Z US <Equity> CN <GO>} Link to Company News:{ASH US <Equity> CN <GO>}

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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