IHS Chemical Week

Services :: Financial

Valspar Refinances Debt

9:57 AM MST | January 11, 2012 | Vincent Valk

Valspar has issued $400 million in new debt maturing in 2022. Half of the proceeds will go toward refinancing $200 million in debt that will come due on May 1 of this year. The new debt carries an interest rate of 4.2%, lower than the 5.625% rate of the maturing debt. Valspar will also use a portion of the proceeds to repay commercial paper borrowings.   Standard & Poor’s (S&P; New York) has rated the debt ‘BBB,’ while Moody’s (New York) has rated it ‘Baa2.’ “The ratings on Valspar reflect the company's solid...

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