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Kraton Polymers to redeem 5¼% notes due 2026 on March 17
By William Gullotti
Buffalo, N.Y., March 15 – Kraton Polymers LLC and Kraton Polymers Capital Corp. will redeem in full all outstanding 5¼% senior notes due 2026 (ISINs: XS1713463476, XS1713463633) on March 17, according to a notice and an 8-K filing with the Securities and Exchange Commission.
As previously reported, the redemption was delayed from Feb. 28 and subject to the successful execution of a merger agreed in September by and among DL Chemical Co., Ltd. as parent, DLC US Holdings, Inc. and DLC US, Inc. as merger subsidiaries and Kraton Corp., the parent company of the issuers, whereas the merger subsidiaries would be absorbed into the company with the company surviving the merger as an indirect wholly owned subsidiary of DL Chemical Co., Ltd.
The notes will still be redeemed at 102.625 plus interest, if any, to the redemption date.
Wells Fargo NA is the trustee.
Deutsche Bank Luxembourg SA is the authenticating agent, registrar and transfer agent.
Deutsche Bank AG, London Branch (+44 20 7545 8000, +44 20 7547 6149, tss-gds.eur@db.com) is the principal paying agent.
The company is a Houston-based producer of styrenic block copolymers and specialty polymers.
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