Indorama Ventures Public Company Limited announced that its subsidiary, Indovinya Ltd., raised $1.5 billion through a five-year syndicated term loan to refinance debt and strengthen its capital structure. The unsecured loan, maturing in 2030, was arranged by eight international banks including Mizuho Financial Group and Bank of China (Hong Kong), with terms that reflect market confidence in Indovinya’s credit profile.

The company delivers sustainable chemical solutions across industries such as crop protection, home and personal care, coatings and energy. It operates 15 industrial units, 7 R&D centers and 10 commercial offices globally. The funds will support Indovinya’s continued expansion in High Value Add markets, where it is a leading producer of nonionic surfactants in the Americas.

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