Platform Specialty to pay down term loans with proceeds from add-on

By Sarah Lizee

Olympia, Wash., Dec. 1 – Platform Specialty Products Corp. plans to repay a portion of its existing term loans under its amended and restated credit agreement using proceeds from a new offering, according to a news release.

The company said on Friday that it intends to offer a $200 million add-on to its 5 7/8% senior notes due 2025.

Platform is a West Palm Beach, Fla.-based producer of high-technology specialty chemicals and a provider of technical services.

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