Italmatch draws down revolving facility as precautionary measure

By Sarah Lizee

Olympia, Wash., April 8 – Italmatch Chemicals SpA drew in full the €55.5 million under its revolving credit facility as a precautionary measure in mid-March, according to a company release.

The company said that following the drawdown, there is €90 million of cash in the business at the end of the first quarter.

Genoa, Italy-based Italmatch specializes in performance additives for the lubricant, plastics, water and oil markets.

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