Ineos Unit Gets €500 Million Fresh Funds Ahead of Bond Maturity

A unit of chemicals giant INEOS announced it has received €500 million ($593 million) of additional funds in the form of new equity and credit lines, boosting its cash coffers ahead of an upcoming bond maturity.

INEOS Quattro Holdings Ltd. obtained €200 million of extra capital from its shareholders, as well as €300 million additional funding tied to its inventory, according to a trading update published late on Friday.