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People & Business :: Companies
DuPont to Sell $2 Billion in Debt in Three Parts
11:54 AM MDT | September 21, 2010 | Vincent Valk
DuPont is currently working on a new $2 billion debt sale, according to SEC filings. The debt will be sold in three parts, one totaling $1 billion and two each totaling $500 million. The proceeds will go towards redeeming up to $1.4 billion in higher-interest debt due 2013 and 2014, and paying down $500 million in commercial paper to fund a contribution DuPont's pension plan, filings say. The two $500 million portions of the debt will be due in 2016 and 2041, while the $1 billion portion will be due in 2021. They will carry annual interest rates of 1.95%, 3.625%...
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