Lyondell Chemical to prepay term loans and repay revolver debt with note sale

By Sara Rosenberg

New York, May 14 - Lyondell Chemical Co. plans to prepay in full approximately $103 million of outstanding term loans and about $215 million that will be borrowed under its revolver with the net proceeds from a $325 million senior secured notes offering.

The Houston chemical company will draw on its revolver to fund the purchase of the butanediol manufacturing plant in The Netherlands that Lyondell currently leases.

Pliant to repay bank borrowings with $250 million note sale proceeds

By Paul A. Harris

St. Louis, May 24 - Pliant Corp. plans to repay borrowings under its credit facilities with proceeds from a $250 million senior secured notes offering.

The credit facilities are expected to be amended upon consummation of the offering, according to a news release.

The packaging firm is headquartered in Schaumburg, Ill.

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