Chemours borrows $300 million under revolving facility

By Wendy Van Sickle

Columbus, Ohio, April 3 – Chemours Co. gave notice to draw $300 million on its $800 million unsecured revolving credit facility on Friday, according to a news release.

“This action helps to balance our access to domestic and non-domestic cash, and increase our near-term financial flexibility,” Mark Vergnano, president and chief executive officer of Chemours, said in the release.

There were no borrowings outstanding on the revolving credit facility at the time of notice.

JPMorgan Chase Bank, NA is the administrative agent.

Chemours is a Wilmington, Del.-based provider of performance chemicals.

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