June 17, 2026 16:23

Kem One, the French PVC and chlorovinyls producer, has reached an agreement in principle with its main financial partners to reduce its debt by €720 million, equivalent to nearly 80% of the total, and secure the short- and medium-term liquidity needed to support operations through a €100 million liquidity contribution. Of this amount, €30 million will be provided jointly by Monarch Alternative Capital and Arini, €40 million in capital will be contributed by funds managed by Apollo, and a new €30 million credit line will be made available.