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Altana to refinance rheology acquisition loan
2:44 AM MST | November 29, 2013 | Natasha Alperowicz
Altana has issued a €200-million ($272.1 million) debt instrument, a so-calledSchuldschein, to partly refinance the acquisition of Rockwood's rheology business, which was completed on October 1, 2013, the company said on Thursday. The transaction, placed with about 130 banks, savings banks, and other institutional investors, was more than four times oversubscribed and Altana, in the course of the issuing process, increased the loan from €160 million to a total of €200 million. "The issuance of the Schuldschein is a further...
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