Astaris obtains $75 million revolver

New York, Feb. 17 - Astaris LLC said it obtained a $75 million revolving credit facility with a $25 million uncommitted expansion option.

The new loan replaces a $20 million facility scheduled to expire in September.

Citicorp USA Inc. is administrative agent.

Astaris said the new loan was obtained without continued credit support from its joint owners Solutia Inc. and FMC Corp.

With the new facility in place, the St. Louis provider of phosphate chemicals will repay $16 million to each of its owners, a payment that had been deferred as part of the company's restructuring.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.