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Evonik Carbon Black to Raise $1.1 Billion From Bonds, Loan

Evonik Carbon Black, a maker of material used in tires and inks, plans to raise 770 million euros ($1.1 billion) from senior secured bonds and a credit line to fund its buyout by Rhone Capital LLC and Triton Advisers, according to a person familiar with the matter.

Evonik Carbon Black, through Kinove German Bondco GmbH, is selling 600 million euros of seven-year bonds in euros and dollars and will get a $250 million six-year super senior revolving credit, said the person, who declined to be identified because the terms are private.