ANZ has led a €875 million syndicated loan for Allnex, a global specialty chemicals supplier and subsidiary of PTT Global Chemical (PTTGC). The financing includes term and revolving credit facilities. PTTGC is the main petrochemical division of Thailand's national petroleum company, PTT Group.
Allnex was acquired by PTTGC in December 2021, with ANZ providing initial financing through a bridge loan and USD-bond issuance. The new facilities will refinance the acquisition bridge loan and support future investments in Allnex.
Daniel Muth, Director at ANZ Institutional, stated: “We’re pleased to have had the opportunity to support the next critical phase in Allnex’s growth as a company and to support their future growth through our Asia Pacific network. The transaction highlighted ANZ’s ability to successfully support customers on complex cross border transactions with client and product teams in Asia and Europe working together.”
ANZ served as Joint Coordinator, Bookrunner, and Mandated Lead Arranger for this transaction.