People & Business :: Companies
Rockwood-Kemira TiO2 JV Refinances Debt
11:26 AM MDT | June 7, 2012 | Vincent Valk
Sachtleben (Duisburg, Germany), Rockwood and Kemira’s titanium dioxide (TiO2) joint venture, has entered into a new €430 million ($540 million) credit agreement consisting of two term loans and a revolving credit line, all of which mature in 2017. The term loans are each worth €200 million, while the credit line is worth €30 million. The new credit will be used to pay back outstanding borrowings on the jv’s existing credit line and to pay a dividend to Rockwood and Kemira. The new credit “is an important strategic step...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee