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Chlorine, soda and PVC : Kem One reduces its debt by 80% and sees the Monarch fund take the reins of the chemical group
A new chapter opens to Kem One. While the producer of PVC, soda and chlorine derivatives has seen its debt swell in recent years, the Lyon group has announced that it has reached a "accord in principle" with its main financial partners. One hundred million euros of cash will be provided, including 30 million euros from Monarch Alternative Capital and Arini investment funds, 40 million euros in capital from Apollo-the American fund that acquired Kem One in 2021-and 30 million additional via a new line of credit.
At the end of this recovery, net debt will be reduced by 720 million euros thanks to "a major effort by creditors" (Monarch Alternative Capital and Arini are part of this, since the two funds granted a loan of 200 million euros to Kem One in March 2025. The sum to be reimbursed is thus reduced...
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