Momentive elects to pay interest in cash for 10 1/8%/10 7/8% notes

By Jennifer Chiou

New York, May 26 - Momentive Performance Materials Inc. opted to pay interest for its 10 1/8%/10 7/8% senior toggle notes due 2014 in cash for the period of June 10 to Nov. 30, 2010, according to an 8-K filed with the Securities and Exchange Commission.

After Dec. 1, 2010, the company is required to pay all interest under the notes in cash.

Momentive Performance is an Albany-based specialty materials company, providing high-technology materials products to the silicones, quartz and ceramics markets.

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