Vynova’s Bank Lenders Pick Adviser as Chemicals Firm Struggles

Lenders to Vynova picked a financial adviser as the European chemicals manufacturer grapples with deteriorating performance less than a year after agreeing loan amendments.

Vynova’s banks chose FTI Consulting to advise on negotiations over its debtload, according to people familiar with the matter, who asked not to be identified discussing private information. The firm, which makes products including PVC and caustic soda, is owned by Frankfurt-headquartered industrial firm International Chemicals Investors Group.

Vynova agreed with lenders to amend the terms of its €400 million ($467 million) loan facility in March, given the economic environment and a significant decline in ...