INEOS O&P USA to acquire Sasol's stake in Gemini HDPE

INEOS O&P USA agreed to acquire Sasol's ownership of Gemini HDPE LLC. Gemini HDPE amended its Term Loan B to $600 million to fund the acquisition, and INEOS will commit to 100% capacity utilization for 15 years.

“INEOS O&P USA has agreed principal terms to acquire Sasol’s ownership of Gemini HDPE LLC.”ineos.com

• 2 sources
• ineos.comGemini HDPE announces updates to Term B Loan | INEOS GroupDec 1, 2020
• ineos.comGemini HDPE announces amendment and upsizing of existing Term B LoanFeb 24, 2021

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