IHS Chemical Week

People & Business :: Companies

Chemical Finance Digest, June 13-17

3:12 PM MDT | June 21, 2011 | Vincent Valk

Topping the headlines last week, Grupo Alfa's DAK Americas subsidiary has agreed to buy Wellman's PET business for $185 million. In other M&A news, Russia's two biggest potash makers have completed their merger, and now say they may buy Belarus' state-owned potash company.   There were no new equity deals last week. The major debt deal was Ashland's issuing $3.6 billion in debt to fund the ISP acquisition. The debt will take the form 5-year and 7-year term loans, worth $1.2 billion and $1.7 billion, respectively, and a $750 million credit revolver...

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