Rinchem, a chemical logistics and services group backed by Stonepeak Partners, is seeking to complete a distressed debt exchange to help finance its acquisition of Dupré Logistics, according to a report by Bloomberg citing people familiar with the matter.
The transaction will be supported by around $100m of new capital from existing lenders, while up to $300m of existing debt will be exchanged into new loans with maturities extended to 2031. The new money will be provided through a first-out ter...
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