People & Business :: Companies
Three Companies Refinance, Issue Debt
3:27 PM MDT | September 14, 2010 | Vincent Valk
PolyOne, Huntsman and Arch Chemicals have all refinanced or issued new debt in the past several days. PolyOne and Huntsman are refinancing, while Arch has completed a private placement, part of which will go towards paying down outstanding borrowing on a term loan. PolyOne is issuing $360 million in senior-level bonds at a 7.375% interest rate. The bonds mature in September 2020. Most of the $353 million in proceeds will go towards an offer to buy back $280 million in higher-interest debt due 2012. The size of the new issue was originally announced at $320...
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