Chemtura amends loan, revising interest coverage ratio

By Sara Rosenberg

New York, Nov. 5 - Chemtura Corp. amended its credit facility, changing the interest coverage ratio, according to an 8-K filed with the Securities and Exchange Commission Monday.

The ratio is now set at 4.25:1.00 on Sept. 30 and Dec. 31, as opposed to at 4.50:1.00.

The amendment is effective as of Sept. 30.

Citibank is the agent on the deal.

Chemtura is a Middlebury, Conn.-based producer of specialty chemicals, polymer products, and home pool and spa chemicals.

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