New York, NY - April 5, 2016 - Lowenstein Sandler LLP represented Thailand-based Indorama Ventures Public Company Limited (IVL) in its acquisition of a Decatur, Alabama 1,000-acre manufacturing facility from BP Amoco Chemical Company. The transaction, which closed on March 31, provides IVL with a plant that has 1 million metric tons of annual purified terephthalic acid (PTA) capacity and 732,000 metric tons of paraxylene (PX) capacity. The plant also produces naphthalene dicarboxylate (NDC).

The terms of the deal were not fully disclosed.

In connection with the acquisition, Lowenstein also represented Indorama Ventures in the negotiation of amendments to its existing U.S. term loan facility and its existing asset-backed credit facility that increased the combined availability under the facilities to approximately $1.2 billion.

The Lowenstein acquisition team was led by Partner Nicholas San Filippo IV, and included Nicholas Mehler, Christine Osvald-Mruz, Brian Silikovitz, Norman Spindel, Stuart Yusem, Samiul Khan, Ethan Skerry, Lesley Pruzansky Adamo, Eugene Cheval, Meredith Jewitt, Stacey Tyler and Robert Bee.

The Lowenstein financing team was led by Senior Counsel Stuart Yusem, and included Dimitrios Kandylas, Alex Brooks, Eric Rubin, Brian Silikovitz, Lesley Pruzansky Adamo, Keith Janowitz and Joe Mignone.

About Indorama Ventures

Indorama is one of the world's leading petrochemical producers and a leading global manufacturer of wool yarns, having locations in 20 countries, including 62 manufacturing sites, throughout Asia-Pacific, Europe, North America and Africa.

About Lowenstein Sandler

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Contact: Andrea Sheehy, 973-422-6758