Financial Windows Thrown Wide Open to Chemical Makers in 2006

Capital markets were receptive to chemical makers last year as producers were able to freely tap debt and equity markets to raise cash, according data from investment bank Young & Partners (Y&P; New York). Non-bank debt financing in the chemical sector totaled $21.5 billion in 2006, an 82% gain over 2005 levels. High-yield debt was very strong, accounting for 62% of the 2006 total, Y&P says. Ineos’ refinancing of senior bank debt used to fund its late 2005 purchase of Innovene from BP accounted for a large part of the debt volume in 2006...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers