Solutia to repay $200 million term loan borrowings via notes proceeds

By Sara Rosenberg

New York, Oct. 5 - Solutia Inc. plans on prepaying $200 million of its senior secured term loan debt using proceeds from a $300 million senior notes offering, according to a news release.

Remaining proceeds will be used for general corporate purposes.

Solutia is a St. Louis-based performance materials and specialty chemicals company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.