Kraton to partially repay term loan facility via new note offering

By Tali Rackner

Norfolk, Va., March 15 – Kraton Corp. plans to repay a portion of the outstanding borrowings under its existing senior secured term loan facility using the net proceeds from a new senior note offering, according to a press release.

The company announced that wholly owned subsidiaries Kraton Polymers LLC and Kraton Polymers Capital Corp. intend to offer $400 million of senior notes due 2025.

Kraton is a Houston-based producer of engineered polymers and styrenic block copolymers.

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