Kraton to redeem outstanding 7% senior notes due 2025

By Taylor Fox

New York, Dec. 7 – Kraton Corp. plans to redeem all outstanding 7% senior notes due 2025 using proceeds from its new $400 million senior note offering and cash on hand or borrowings under its asset-based revolving loan facility, according to a news release.

The proceeds from the new notes will also be used to pay related fees and expenses of the refinancing.

Kraton is a Houston-based producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products.

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