OCI plans roughly $300 million revolver draw for notes redemption

By Sara Rosenberg

New York, Sept. 29 – OCI NV plans on drawing about $300 million equivalent under its revolving credit facilities to help redeem notes due 2023, according to a market source.

Other funds for the redemption will come from the issuance of about $850 million equivalent U.S. and euro senior secured notes.

OCI is a Netherlands-based producer of fertilizers and chemicals.

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