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CABB/Monitchem to redeem existing notes from new offering proceeds
Chicago, April 17 – CABB Group will use the proceeds from a new offering to redeem existing notes with earlier maturity dates, according to a press release.
The company is planning to redeem floating-rate senior secured notes due 2025 and fixed-rate senior notes due 2025, along with notes issued by parent company Monitchem Holdco 2 SA with a 2026 maturity date.
There will be a redemption premium.
CABB is a Sulzbach, Germany-based specialty chemicals company.
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