Vibrantz Technologies Secures Major Financing Agreement to Propel Growth and Strengthen Operations

Vibrantz Technologies Strengthens Financial Foundation

Vibrantz Technologies, a leader in specialty chemicals and materials, has announced a landmark agreement with over 90% of its first lien term loan and unsecured bond holders. This move will enhance liquidity, extend the maturities of existing debt, and facilitate new capital inflow. The arrangement is seen as a strategic step in positioning the company for accelerated growth amidst evolving market demands.

In light of this significant agreement, all current lenders and noteholders will be invited to partake in an exchange transaction, designed to reinforce the company's financial flexibility and operational capabilities. This development comes as Vibrantz aims to bolster its manufacturing and product innovation processes, ensuring it remains at the forefront of the industry.

The announcement follows the onboarding of new key executives, including Doug Owenby, who takes on the newly created role of Chief Operations Officer. This leadership expansion forms part of Vibrantz's strategy to enhance operational efficiency and strengthen its commercial vision. John Paul (J.P.) Blanchard joins as President of Advanced Materials, while Justin (JD) Bowlin has been appointed as Chief Human Resources and Communications Officer. Together, these leaders are expected to drive the company's growth initiatives effectively.

Mike King, President and CEO of Vibrantz, emphasized the importance of this financing deal by stating, "This transaction reinforces our ability to execute our priorities and deliver for our customers." He highlighted that the robust leadership team is essential for cultivating the operational rigor and industry expertise necessary for attaining long-term growth objectives.

Vibrantz operates within a diverse array of industries, leveraging its core competencies in particle engineering, glass and ceramic science, and color technology. The company provides specialized mineral and chemical additives used in batteries, agriculture, construction, and various electronic applications. Additionally, Vibrantz is recognized for its pigments utilized in paints, coatings, and thermoplastics.

With approximately 4,500 employees and 55 manufacturing locations across six continents, Vibrantz is uniquely positioned to meet the demands of the global market. The commitment to enhancing its financial position through this latest agreement is expected to significantly bolster its operational capabilities.

As the world of specialty chemicals continues to evolve, Vibrantz Technologies stands ready to accelerate its growth trajectory, supported by its new leadership and strategic agreements with its financial partners. Investors and stakeholders can look forward to a future marked by innovation, improved product lines, and expanded market reach.

To learn more about Vibrantz, visit vibrantz.com.