IHS Chemical Week

Services :: Financial

Momentive issuing $1.1 billion in debt (update)

11:23 AM MDT | October 12, 2012 | Vincent Valk

Momentive Performance Materials (MPM) is planning to issue $1.1 billion in first-priority senior secured debt due 2020 in a private placement. The notes, which will carry an interest rate of 8.875%, are dependent on Momentive obtaining an amendment to its senior secured credit line or an asset-backed loan. The company has received $270 million in commitments for the loan, and expects to receive an additional $30 million.   Proceeds from the debt sale will go to repaying all borrowings under the company’s senior secured credit line, to repay...

This information is only available to Chemical Week subscribers.

Username:
Password:

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



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 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

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 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