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Nalco Refinances $1 Billion in Debt; Moody's Raises Credit Rating

11:48 AM MST | December 8, 2010 | Vincent Valk

Nalco is issuing $1 billion in new debt to refinance three older classes of bonds, two of which m mature in 2013. The new debt, maturing in 2019, will be issued in a private placement, and the interest rate has not been determined. The proceeds from the...

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