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Momentive Cancels Debt Tender Offer

4:32 PM MDT | May 17, 2012 | Vincent Valk

Momentive Performance Materials has cancelled a debt tender offer announced yesterday. The offer covered up to $130 million of $200 million in debt due 2014, with an interest rate of 12.5%. None of the debt was tendered, and bondholders who accepted the offer will have their notes returned, Momentive...

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