IHS Chemical Week

People & Business :: Companies

Solutia Issues Debt, Refinances Credit, to Help Fund Acquisition (Update)

9:29 AM MST | March 2, 2010 | Vincent Valk

Solutia will issue $300 million in new senior debt in a public offering, the company announced today. The debt, which will be due in 2020, will be used to help fund the acquisition of solar cell encapsulant maker Etimex Solar, which was announced yesterday. The new debt will carry an interest rate of 7.875% and the offering will close on March 9. The company is also replacing its current senior term loan with a new senior secured facility worth $1.05 billion. The new facility will be composed of a $750 million term loan due 2017, and a $350 million line of credit...

This information is only available to Chemical Week subscribers.


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

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


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