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Saturday 18 March 2017

Kraton prices $400 million of senior notes due 2025

HOUSTON, US: Kraton Corporation said that its wholly-owned subsidiaries, Kraton Polymers LLC and Kraton Polymers Capital Corporation together have intended to offer $400 million in aggregate principal amount of senior notes due 2025.
The notes will be general unsecured obligations of Kraton Polymers LLC and Kraton Polymers Capital Corporation and will be guaranteed by Kraton and each of the Issuers' wholly-owned domestic subsidiaries that guarantee Kraton's existing senior secured term loan facility, existing senior secured asset-backed loan facility and existing 10.500 percent senior notes due 2023.
Kraton intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its existing senior secured term loan facility.
© Worldofchemicals News
Read More: Kraton prices $400 million of senior notes due 2025

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