Early M&A Funding Wave Builds With Perimeter’s Debut Junk-Bond
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Perimeter Solutions Inc., a US firefighting chemical producer, is joining the growing list of companies hurrying to the bond market for cheap M&A funding. The St. Louis, Missouri-based firm is sellingBloomberg Terminal $550 million of eight-year senior secured notes to help fund its proposed acquisitionBloomberg Terminal of Medical Manufacturing Technologies LLC — a deal announced only last week — according to a person familiar with the matter. This marks Perimeter’s first foray in the US junk bond market.