IHS Chemical Week

People & Business :: Companies

Georgia Gulf Prices Debt

9:40 AM MST | December 15, 2009 | Vincent Valk

Georgia Gulf has priced a previously announced $500 million private debt offering, the company says. The debt will carry an interest rate of 9% per year, and is being issued at 99.35% of face value. The company will use the proceeds to repay its credit facility and accounts receivable securitization, as previously announced. The offering will close on December...

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