Kraton successfully reprices $1.278 billion term loan

HOUSTON, US: Kraton Corporation declared that it has successfully allocated a re-pricing of its $1.278 billion term loan.

The interest rate on the amended term loan will be LIBOR plus 4.00 percent, a 1.00 percent reduction from the previous interest rate of LIBOR plus 5.00 percent.

The terms of the term loan will be substantially similar to the existing term loan. The transaction is expected to close on or about 9 January 2017.

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