KKR's $1.18bn (€1.34bn) buy-out of a group of Laporte's non-core businesses will require $925m of loan and bond financing, according to Chase and Merrill Lynch officials advising the buy-out shop.

Laporte-KKR plans to raise $620m in the loan market and $325m in the high yield bond market. The company has a bridge loan in place to tide it over until the bond issue, which could be several months away.