Milacron to repay $75 million term loan with some bond sale proceeds

By Sara Rosenberg

New York, April 26 - Milacron Inc. plans to repay a $75 million term loan with a portion of the proceeds from a proposed $225 million senior secured notes offering.

Remaining proceeds from the bond deal will be used to fund the tender offer for Milacron Capital Holdings BV's outstanding €115 million 7 5/8% guaranteed bonds due 2005, according to a company news release.

Milacron is a Cincinnati supplier of plastics-processing technologies and industrial fluids.

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