Omnova Solutions cuts $100 million facility's rate, extends it to 2017

By Susanna Moon

Chicago, April 11 - Omnova Solutions Inc. amended its existing $100 million senior secured credit facility, extending the maturity by two years to December 2017.

Omnova also reduced pricing by 50 basis points and the unused fees by 25 bps.

The company entered into the amendment agreement with JPMorgan Chase Bank, NA as agent on April 5, according to an 8-K filing with the Securities and Exchange Commission.

Omnova is a Fairlawn, Ohio-based provider of emulsion polymers, specialty chemicals, and decorative and functional surfaces for commercial, industrial and residential end uses.

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