Key highlights
- INEOS Finance plc offers €650M in senior secured notes due 2031.
- Funds will partially prefund Project ONE in Antwerp, starting early 2027.
- Project ONE is a major capital investment by INEOS Group.
Offering Details
INEOS Holdings Limited announced that its subsidiary, INEOS Finance plc, has launched an offering of euro-denominated senior secured notes due 2031, totaling €650 million.
Use of Proceeds
The net proceeds from this offering will be allocated for general corporate purposes, including partially funding Project ONE in Antwerp, Belgium, and covering transaction fees and expenses.
Project ONE Overview
Project ONE represents a significant capital investment by the INEOS Group, initially announced on January 14, 2019, and is expected to commence operations in early 2027.
Transaction Completion
There is no assurance that the transactions related to this offering will be completed as planned.
