Chemical Maker TPC Group Seeks $575 Million of Private Debt (1)

Chemical maker TPC Group Inc. is looking for about $575 million of fresh financing less than two years after exiting bankruptcy, according to people with knowledge of the matter.

The firm is working with Jefferies Financial Group Inc., which is reaching out to lenders — including private credit funds — for the financing, said the people who asked not to be identified as the details are private. The bank has also launched the transaction in the broadly syndicated market, according to a separate person, who added that Jefferies is floating a pricing of 6 percentage points over the Secured ...