Kem One announces the signing of an agreement in principle with its main financial partners aimed at sustainably strengthening the Group’s financial structure. The operation includes a €100 million recapitalization, a reduction of nearly 80% of the Group’s debt, and the securing of its liquidity position in the short and medium term.

The agreement also includes the entry of new reference shareholders, Monarch Alternative Capital and Arini, while funds managed by Apollo will continue to support the company. Existing bank financing arrangements will also be maintained.

This major milestone reflects investors’ confidence in KEM ONE’s industrial fundamentals, the quality of its teams, and its ability to continue its turnaround in a particularly challenging market environment for the European chlorovinyls industry.

The operation, which has no impact on employment at this stage, will enable the company to continue investing in safety, environmental performance, asset reliability, and decarbonization initiatives.

Full details of the operation are available in the press release, which can be downloaded below.