Kraton Performance pays down $40 million of term loan borrowings

By Sara Rosenberg

New York, Nov. 1 - Kraton Performance Polymers Inc. voluntarily prepaid $40 million of its term loan debt in September, according to a 10-Q filed with the Securities and Exchange Commission on Thursday.

The company said the payment was made in light of the negative impact of the spread between FIFO and ECRC of $56.9 million on the earnings that are used to calculate the consolidated net leverage ratio in the trailing 12-month period ended Sept. 30.

Kraton is a Houston-based developer, producer and marketer of styrenic block copolymers.

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