Indorama Ventures Public Company Limited, a global sustainable chemical company, announced that its subsidiary, Indovinya Ltd., successfully raised $1.5 billion through a syndicated term loan to refinance debt and strengthen the business segment’s capital structure.

The 5-year senior unsecured syndicated term loan was achieved at favourable rates, strengthening Indovinya’s credit profile and reflecting financial markets’ confidence in the segment’s strong management and position in High Value Add (HVA) markets. The funds will be used to refinance debt and recapitalize Indovinya’s capital structure.

The term loan, which will mature in 2030, was arranged by a syndicate of eight leading financial institutions, including Mizuho Financial Group, Bank of China (Hong Kong), Oversea-Chinese Banking Corporation Limited (OCBC), The Siam Commercial Bank Public Company Limited, Kasikornbank Public Company Limited, Sumitomo Mitsui Banking Corporation, DBS Group, and Australia and New Zealand Banking Group Limited.

Indovinya has scaled rapidly in recent years. The segment’s 15 industrial units, 7 R&D centers, and 10 commercial offices in key growth markets globally deliver high-value, sustainable solutions across critical industries, from Crop Solutions and Energy Resources to Home & Personal Care, Coatings, and Performance Products. The segment is the leading producer of nonionic surfactants in the Americas.