IHS Chemical Week

People & Business :: Companies

Nova to refinance up to $350 million in bonds

1:48 PM MDT | July 16, 2013 | Vincent Valk

Nova Chemicals is attempting to refinance up to $350 million in 8.375% senior debt with a new, $500-million private debt issue. The old debt is due in 2016, while the new debt is due in 2023. Proceeds from the new debt issue that are not used to buy back the old debt will be used for "general corporate purposes," Nova says. The interest rate on the new debt has not been disclosed. Holders of the old debt will receive $1,061.60 in cash for every $1,000 held. The offer to purchase the old debt expires on 12 August, although that date may be changed, Nova...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 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