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Innophos pays down $450 million credit agreement in full
By Rebecca Melvin
New York, Feb. 7 – Innophos Holdings Inc. has repaid in full all outstanding loans under a $450 million credit agreement dated Dec. 22, 2016, provided by Wells Fargo Bank NA, as administrative agent, and Bank of America NA and SunTrust Bank, as co-syndication agents, providing a $450 million revolver, according to a filing with the Securities and Exchange Commission.
The paydown was made in tandem with the Feb. 7 closing date of Innophos’ merger with Iris Parent LLC and Iris Merger Sub 2019 Inc.
Innophos is a Cranbury, N.J.-based producer of essential ingredients.
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