Milacron repays another $10 million term loan, hits $100 million goal

By Susanna Moon

Chicago, Jan. 3 – Milacron Holdings Corp. paid down another $10 million on its senior secured term loan on Monday, according to an 8-K filing with the Securities and Exchange Commission.

The latest paydown on the facility due Sept. 28, 2023 is the fifth payment made in 2018, the filing noted.

The company said it has paid $100 million of the 2017 term loan in the past 10 months, which meets the goal as previously stated.

The borrower is a Cincinnati-based provider of plastics processing technologies and industrial fluids.

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