IHS Chemical Week

People & Business :: Companies

Momentive to Modify Loan, Credit Line

9:47 AM MST | November 24, 2009 | Vincent Valk

Momentive Perfomance Materials announced last week that it is commencing a private debt offering intended to fund partial repayment of its credit line and bank loan, the company says. Provided that the debt offering is successful, the company will also amend its credit facility to extend the maturity of its currently existing debt and credit. The debt offering will total $500 million and will mature in 2017. The maturity date of the company's revolving loan commitments will be extended to 2014, and the maturity of the term loans will be extended to 2015...

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