IHS Chemical Week

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A. Schulman refinances, expands credit facility

11:54 AM MDT | September 25, 2013 | Vincent Valk

A. Schulman has entered into a new credit agreement composed of a $300-million credit facility and a $200-million term loan, refinancing an old $300-million facility that was slated to expire in early 2016. The new facility “includes improved terms, covenants, and interest rate pricing over the previous agreement and expires in September 2018,” Schulman says. "Combined with A. Schulman's strong balance sheet and solid cash flow generation, the new agreement expands our ability to pursue strategic acquisition opportunities while supporting our...

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