Waselius represented the joint book-running managers and initial purchasers in the Finnish law aspects of offering of USD 225 million senior secured notes by Venator and related existing financing arrangements. The net proceeds from the offering are intended to be used to repay borrowings under the ABL facilities and for general corporate purposes.
Venator is a leading global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. Venator markets its products globally to a diversified group of industrial customers through two segments: titanium dioxide (TiO2) pigments and performance additives. Venator operates 24 facilities and its products are sold in more than 110 countries.