IHS Chemical Week

Services :: Financial

Omnova amends credit facility

10:37 AM MDT | March 12, 2013 | Vincent Valk

Omnova is amending its $200-million term loan credit facility to extend the maturity by 1 year, to May 2018, and reduce borrowing spreads by 1.25%. The facility has a floating interest rate of 4.25%, which was effective 7 March. Omnova expects to save $2.4 million/year in annual interest expenses as a result of the changes.   The credit facility has $195.5 million outstanding. Omnova also has $250 million in senior bonds due November 2018 with an interest rate of 7.875%, as well as $148.5 million in cash and cash equivalents. The company will record a...

This information is only available to Chemical Week subscribers.


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

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 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


contact us | about us | privacy policy | sitemap

ihsCopyright © 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