Kraton plans tender for notes due 2014 with debt financing proceeds

By Melissa Kory

Cleveland, Jan. 25 - Kraton Performance Polymers, Inc. announced that it will redeem its senior notes due 2014 via a tender offer.

The redemption will be funded with the proceeds of its $550 million debt financing, including $200 million in a five-year term loan A, $200 million of eight-year senior notes and $150 million in an undrawn five-year revolver.

Kraton is a Houston-based producer of engineered polymers.

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