Nexeo Plastics parent company GPD Companies, Inc. completes a refinancing of its Senior Secured Notes due 2026
Pursuant to the terms of the transaction, the Company launched an exchange offer transaction on May 16, 2025, which expired on June 16, 2025, whereby existing Noteholders were offered $175 million in cash to reduce the principal amount of the new Senior Secured Notes. The new Senior Secured Notes will mature on December 31, 2029. Approximately 99.7% of existing Noteholders participated in the Exchange Offer, effectively providing unanimous consent.
'This successful transaction is deleveraging and extends our debt maturity by approximately four years, giving us significant financial flexibility to execute on our numerous growth initiatives,' said Michael Everett, Executive Vice President and CFO of Nexeo Plastics.
Kurt Schuering, President and CEO of Nexeo Plastics, added, 'This transaction is very credit-positive for our business. We greatly appreciate the overwhelming support from our lenders and financial sponsor, and their confidence in our long-term growth strategy.'
About Nexeo Plastics
Nexeo Plastics is a leading global distributor of thermoplastic resins, connecting customers and suppliers with innovative material solutions across diverse industries. With a comprehensive portfolio of engineering and commodity-grade resins, Nexeo Plastics serves markets including healthcare, automotive, packaging, construction, consumer goods, and electronics. As a trusted partner, Nexeo Plastics is committed to delivering tailored solutions that help customers optimize their processes, meet regulatory requirements, and achieve their business goals. With a customer-centric approach, the company offers value-added services such as material selection, technical support, supply chain optimization, and sustainability initiatives to address today's complex challenges. For more information, please visit or contact us at www.nexeoplastics.com
About GPD Companies, Inc.
GPD Companies, Inc. is a leading group of global value-added distributors. Its current operational entity is Nexeo Plastics. For more information, please visit or contact us at http://gpdcompanies.com.
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