Dow Issues Debt to Pay Down Loan, Preferred Stock

Dow has issued $6 billion of debt in a public offering to help pay down some of the funding used in the R&H acquisition. The debt will be offered in three series with different interest rates, coming due in 2014, 2019 and 2039. Dow will use the proceeds to retire the high-dividend stock issued to Paulson & Co. and trusts of the Haas family, as well as to help repay a $9.2 billion bridge loan. Both the high-dividend stock and the bridge loan were used to fund the R&H deal. Paulson & Co. and trusts of the Haas family will offer $1.35 billion of the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers