IHS Chemical Week

People & Business :: Companies

Update: Dow Plans Equity Offering to Repay Debt

9:47 AM MDT | May 6, 2009 | Vincent Valk

Dow Chemical announced yesterday that it plans a public common stock offering as it seeks to pay down debt from its purchase of Rohm and Haas (R&H). Proceeds from the sale are expected to be $2.25 billion, $1 billion of which will go towards paying down a $9.2-billion bridge loan used to fund the R&H deal. Part of the sale, totaling $1 billion, will be sold by Dow directly, with the remainder sold by Paulson & Co. and trusts of the Haas family. The sale was originally expected to raise $1.625 billion, but it was oversubscribed. It will total 130...

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 subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 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


contact us | about us | privacy policy | sitemap

ihsCopyright © 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