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Loan for DuPont Unit Buy Prices at Second-Biggest 2026 Discount

Jeannine Amodeo
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Goldman Sachs priced a $1.1 billion leveraged loan for Arclin Inc.’s acquisition of DuPont’s Aramids unit at 92 cents on the dollar—the second-largest discount of 2026—after initially weak investor demand. The loan, a term loan B, was downsized from earlier commitments due February 19, reflecting ongoing market challenges and investor hesitation over chemical sector funding. Price talk dropped from 93–94 cents last week, signaling deeper concessions to attract lenders amid broader economic uncertainty and tighter credit conditions. Arclin’s purchase of DuPont’s high-performance materials division hinges on this financing, highlighting struggles in M&A deals amid volatile debt markets. The discount underscores broader trends: leveraged loans face steeper pricing pressure as lenders demand higher yields to offset perceived risks in industrial acquisitions.
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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 1000Goldman Sachs Group Inc. pricedBloomberg Terminal a downsized $1.1 billion acquisition-tied leveraged loan at the second-biggest discount of the year, after initially cool investor response to chemical maker Arclin Inc.’s funding needs amid ongoing market struggles.The term loan B to help finance Arclin’s pending purchase of DuPont de Nemours Inc.’s Aramids business was issued at a discounted 92 cents on the dollar, a person familiar with the matter said Wednesday. Price talk last week was slashed to 93 cents to 94 centsBloomberg Terminal for the loan — lender commitments on which were originally due Feb. 19.

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