Partners Group-Backed Form Technologies Said to Weigh Sale
- Company has about $900 million of debt maturing next year
- Partners Group bought stake in predecessor Dynacast in 2015
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Partners Group Holding AG-backed Form Technologies is exploring strategic options that may include a potential sale, according to people with knowledge of the matter.
The industrial manufacturer faces about $900 million of debt that comes due for repayment next year, said some of the people, who asked not to be identified discussing a private matter. The company’s roughly $633 million first-lien term loan is quoted at around 95 cents on the dollar, according to data compiled by Bloomberg.