in this issue
Markets :: Basic Chemicals :: Inorganic Chemicals :: Titanium Dioxide
Rockwood pays down all Sachtleben debt
10:17 AM MDT | March 22, 2013 | Vincent Valk
Rockwood said today that it has paid down all of Sachtleben’s outstanding borrowings, totaling $508.9 million. The borrowings include 2 term loans, which interest rates of the Euribor bank rate plus 3.75% and 4%, respectively, and a revolving credit facility. “This repayment of debt furthers our progress towards two of our stated goals for 2013—our commitment to deleverage and to facilitate the divestiture process for Sachtleben,” says Rockwood chairman and CEO Seifi Ghasemi. Rockwood bought out Kemira’s 39% stake in...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee