Archroma Reaches Final Terms on Much Delayed Loan Extension

Specialty chemicals producer Archroma sweetened the terms on a junk loan deal to extend around $1 billion of debt, inching closer to completing a transaction that has faced multiple delays over the past month.

With the maturity of the debt just over a year away, the SK Capital-backed business has been under pressure to extend or refinance the loans. But the uncertainty generated by the conflict in the Middle East and a broader slowdown in the chemicals sector has made investors cautious.