Cases & Deals

KeyBank provides financing to Cornerstone Chemical Company

Clients KeyBank National Association

Jones Day represented KeyBank National Association, as administrative agent and lender, in connection with the $60 million revolving credit facility for Cornerstone Chemical Company, a manufacturer of intermediate chemicals for specialty chemical manufacturing. The facility was used to refinance existing indebtedness and for general corporate purposes. The transaction involved the negotiation of a complex intercreditor agreement with the holders of $230 million of Senior Notes issued by the borrower.