October 26, 2014 4:29 AM ET

Trading Companies and Distributors

Company Overview of Nexeo Solutions, LLC

Company Overview

Nexeo Solutions, LLC distributes chemicals, plastics, and composites products worldwide. The company operates in four segments: Chemicals, Plastics, Composites, and Environmental Services. The Chemicals segment distributes specialty and industrial chemicals, additives, and solvents, including alcohols, blends, esthers, glycols, hydrocarbons, ketones, resins, silicones, and surfactants. The Plastics segment distributes plastics comprising commodity polymer products and prime thermoplastic resins, such as engineered thermoplastics, polyolefins, specialty thermoplastics, and styrenics for blow molding, extrusion, injection molding, and rotation molding plastic processors. The Composites segment...

3 Waterway Square Place

Suite 1000

The Woodlands, TX 77380

United States

Founded in 2011

2,700 Employees

Phone:

281-297-0700

Fax:

281-362-5609

Key Executives for Nexeo Solutions, LLC

Chief Executive Officer
Age: 43
Chief Financial Officer
Age: 51
Senior Vice President of Plastics
Age: 51
Senior Vice President of Chemicals
Age: 53
Senior Vice President of Composites and Environmental Services
Compensation as of Fiscal Year 2014.

Nexeo Solutions, LLC Key Developments

Nexeo Solutions, LLC, Q4 2014 Fixed Income Call, Aug 22, 2014

Nexeo Solutions, LLC, Q4 2014 Fixed Income Call, Aug 22, 2014

Nexeo Solutions Enters Deal with Chimsnab to Expand Distribution in SEE

Nexeo Solutions has entered into an agreement with Chimsnab BG to expand its distribution footprint to Bulgaria, Romania, Macedonia, and Serbia.

Nexeo Solutions, LLC Enter into Incremental Amendment to Amended and Restated Credit Agreement

On February 21, 2014, Nexeo Solutions, LLC (Solutions) entered into an incremental amendment to amended and restated credit agreement, among Solutions, Nexeo Solutions Holdings, LLC, Nexeo Solutions Sub Holding Corp., the additional lender party thereto and Bank of America, N.A., as administrative agent and collateral agent, which amended the term loan credit agreement, dated March 9, 2011, among Solutions, the company, Sub Holdco, the TLB Agent and the lenders from time to time party thereto. The incremental amendment provides for, among other things, new term B-3 loans in an aggregate principal amount of $170.0 million, which were fully drawn by Solutions, the company and Sub Holdco, on a joint and several basis, on February 21, 2014, in addition to the existing Term B-2 Loans which were drawn by Solutions in an aggregate principal amount of $175.0 million on October 16, 2012, the existing Term B-1 Loans, which were drawn by Solutions in an aggregate principal amount of $325.0 million on March 31, 2011. The proceeds of the Term B-3 Loans were used to repay approximately $125.0 million aggregate principal amount of loans outstanding under the borrowers' asset-based revolving credit facility on February 21, 2014, to pay fees and expenses related to the transactions and to increase balance sheet cash. The interest rate provisions for the Term B-3 Loans are the same as for the Term B-1 Loans and the Term B-2 Loans. The Term B-3 Loans bear interest at a rate per annum equal to, at the borrower's option, either a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing adjusted for certain additional costs, which shall be no less than 1.5%, plus an applicable margin of 3.5% or a base rate determined by reference to the higher of the prime commercial lending rate published by Bank of America, N.A. as its prime rate, the federal funds effective rate plus 0.50% and a one-month LIBOR rate plus 1.0%, plus an applicable margin of 2.5%.

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Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
September 30, 2014
Reichhold Inc.
Merger/Acquisition
June 10, 2014
Nexeo Solutions, LLC, Essential Composites Distribution Assets
Merger/Acquisition
February 11, 2014
Archway Sales, Inc. and Jacaab LLC
 

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