Momentive seen selling $500 million secured notes during Nov. 30 week

By Paul A. Harris

St. Louis, Nov. 25 - Momentive Performance Materials Inc. is expected to come to market with a $500 million offering of eight-year first-lien senior secured notes during the Nov. 30 week, according to market sources.

J.P. Morgan Securities Inc. will lead the Rule 144A deal.

Proceeds will be used to pay down bank debt and for general corporate purposes.

The prospective issuer is a silicone producer based in Albany, N.Y.

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