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Ferro to repay revolving credit facility debt with asset sale proceeds
By Tali Rackner
Norfolk, Va., Dec. 19 – Ferro Corp. plans to repay debt under its revolving credit facility with the proceeds from the sale of the majority of the assets of its Polymer Additives business, according to a press release.
Proceeds will also be used to fund strategic growth opportunities.
Ferro is a Cleveland-based supplier of technology-based performance materials such as glass-based coatings, pigments and colors and polishing materials.
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