Vectra to intends to repay debt in connection with EaglePicher sale

By Sarah Lizee

Olympia, Wash., Jan. 25 – Vectra Co. intends to repay its existing corporate debt in connection with the sale of its EaglePicher business, according to a press release.

The transaction is structured as a sale of Vectra, the parent company of EaglePicher. Vacuumschmelze, Vectra's magnetic technologies business, will be separated immediately prior to closing and will continue to be owned by affiliates of Apollo Global Management going forward, the release said.

Vectra is a St. Louis-based technology-driven specialty materials and specialty chemicals company.

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