IHS Chemical Week

People & Business :: Companies

Ferro Prices New Stock; Moody's Raises Company's Outlook

1:56 PM MST | 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?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa