Chroma Completes Debt Refinancing

Industrial

Chroma debt refinancing


Summary

Chroma Color Corporation (“Chroma” or the “Company”), a portfolio company of Arsenal Capital Partners (“Arsenal”), recently completed a secured debt financing (the “Financing”). The Financing consisted of a senior term loan, revolving credit facility and a delayed draw facility. Chroma will use the proceeds from the refinancing to support ongoing organic and inorganic growth initiatives.

Baird served as the exclusive debt advisor to Chroma Color Corporation on this transaction.

About

Chroma is a technology-leading specialty color concentrate, color masterbatch and additive supplier. Its highly engineered colorant and performance additive solutions provide mission-critical functionality and aesthetics and they also offer specific product technologies that can enhance sustainability for brand owners and end users. Chroma’s innovation leadership and extensive technical capabilities allow it to serve customers across a broad range of end markets. The Company operates from six manufacturing facilities, with headquarters in McHenry, Illinois.

Arsenal Capital Partners is a leading private equity firm that specializes in investments in industrial growth and healthcare companies. Arsenal differentiates itself with its deep, specialized domain and technical expertise and extensive investing experience, having completed over 250 platform and add-on acquisitions and achieved more than 30 realizations, over the last 23 years. Since inception, Arsenal has raised institutional investment funds totaling over $10 billion. Arsenal’s current Fund VI focuses on investments in businesses with proven technologies and solutions positioned to deliver high performance and value-add to their customers, while its smaller Growth Fund executes a similar strategy in the same markets but pursues investments in next generation, emerging technology businesses poised to apply innovation to generate very high growth.
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Industrial

Chroma debt refinancing

Date
June 2023
Company
Chroma Color Corporation
Transaction
Debt Capital Advisory
Sectors
Industrial
Verticals
Specialty Materials & Chemicals
Target Geography
North America

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