Chemical Banking Corp. is playing dual roles in the financing of the Sterling Group's $425 million purchase of Purina Mills.

Chemical's Texas subsidiary, Texas Commerce Bank, has won a leading role in a $188 million loan that will support the acquisition, while Chemical's securities underwriting subsidiary will comanage a $200 million junk bond offering planned by Purina, market sources said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.