IHS Chemical Week

Services :: Financial

Taminco gets lower interest rate on senior loans

11:02 AM MST | February 5, 2014 | Vincent Valk

Taminco today announced that it is exercising an amendment to its senior secured credit facility that will reduce interest payments by $5 million/year. The amendment cuts the interest rate on the company’s senior secured credit lines by 100 basis points. The credit lines, which consist of a $504 term loan and a $194 million revolving credit facility, carry interest rates based on the US federal funds rate, LIBOR, or the Citigroup’s prime lending rate, whichever is higher. The repricing “secures the financing of our recent formic acid solutions...

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