FINANCIAL

Huntsman to Privately Place New Debt (Update)

March 11, 2010 | Vincent Valk

Huntsman will issue $350 million in new senior subordinated debt in a private placement, the company says. The debt, which will be issued through the company's Huntsman International subsidiary, comes due in 2020 and has an interest rate of 8.625%. The...

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Airgas Issues Debt In Spite of Hostile Bid (Update)

Airgas will issue $300 million in new senior debt in a public offering, the company announced today. The will carry an interest rate of 2.85% and come due in 2013. It will go towards paying down the company's current revolving credit facility, which expires...

Momentive Loss Narrows During 2009

Momentive Performance Materials recorded a narrowed loss during the year ended December 31, 2009, the company announced today. Momentive's net loss totaled $41.8 million in 2009, compared to $997.1 million in 2008...

Banker: 'Ingredients in Place' for Major M&A Rebound

M&A activity will increase during 2010 after a down year in 2009, Tim Wilding, co-head/industrials at Oppenheimer Fund (New York) told an audience at a Chemical Marketing & Economics (CM&E) Group luncheon yesterday. "I think all the...

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

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...

ACC's Economic Outlook for the Week Ended February 26, 2010

MACROECONOMIC STATUS Our running tab of positive indicators slipped by two to 15 out of 20 this week. As a result, we continue to post a green banner. Consumer Confidence ↓ 10.5 points to 46.0 New Home Sales ↓ 11.2%; ↓ 6.1% Y/Y Existing Home...

Brenntag IPO to Take Place by Mid-Year

Proceeds from the IPO will partly finance the company's expansion plans....

ACC: Global Production Indicating 'V-Shaped' Recovery

Global chemical industry production rose for the eleventh consecutive month in January, according to ACC's monthly report on production. The rise totaled 8.2% year-on-year on a three-month, moving average (3MMA) basis, and 0.5% sequentially. The production...

ACC's Economic Outlook for the Week Ended February 19, 2010

Our running tab of positive indicators remains stable at 17 out of 20 this week. As a result, we continue to post a green banner....

Koppers Buys Crosstie Procurement Assets

Koppers has purchased the assets of a crosstie procurement business from Barnham-Sevier Tie Company, the company says. The assets include land and equipment. The deal is expected to add $8 million to $10 million per year to Koppers'...

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