Millennium Chemicals amends loan, excluding Millennium Holdings from events of default

By Sara Rosenberg

New York, May 26 - Millennium Chemicals Inc. amended its credit facility, excluding Millennium Holdings, LLC and its subsidiaries from events-of-default provisions that could be triggered in connection with judgments against Millennium Holdings, according to an 8-K filed with the Securities and Exchange Commission Friday.

The amendment is effective as of May 24.

JPMorgan is the administrative agent on the deal.

Millennium is a wholly owned subsidiary of Lyondell Chemical Co., a Houston-based manufacturer and marketer of various chemicals and gasoline-blending components.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.