in this issue
Markets :: Specialty Chemicals :: Electronic chemicals
Ferro Prices New Stock; Moody's Raises Company's Outlook
November 6, 2009 | Vincent Valk
Ferro has priced its previously announced new stock offering at $5.60/share, the company announced recently. Moody's Investors Service (New York) raised Ferro's outlook to stable from negative, noting that Ferro has raised $205 million from the stock offering, triggering a change in the company's credit facility. "Even though we don't expect Ferro's performance in the next two quarters to be as strong as it was in the third quarter, the substantial increase in equity combined with the debt reduction and amendments to the credit agreement have resolved our...
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