American Pacific to repay bank debt with bond proceeds

By Sara Rosenberg

New York, Jan. 17 - American Pacific Corp. plans to refinance its existing credit facilities using a portion of the proceeds from a proposed $110 million senior notes offering, according to a company news release.

Remaining proceeds will be used to fund an earnout in connection with the 2005 purchase of its fine chemicals business, to repay other debt related to the purchase of its fine chemicals business and for general corporate purposes.

American Pacific is a Las Vegas-based manufacturer of specialty and fine chemicals.

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