Materials company Kymera International is in conversations with lenders, including private credit firms, to refinance its debt and pay for a potential acquisition, according to Bloomberg News.
Goldman Sachs (NYSE: GS) and Piper Sandler (NYSE: PIPR) have been hired to put together a roughly $790 million debt package, Bloomberg reported. Kymera’s private equity owner, Palladium Equity Partners, is expected to inject additional equity into the company. Meanwhile, Kymera has made several acquisitions in recent months. They include Metallisation Ltd. — a technology firm in the thermal spray industry — and a majority stake in Royal Metal Powders, a manufacturer of water and air-atomized powders.