FMC reprices term loan to Libor plus 250 basis points

By Sara Rosenberg

New York, Dec. 23 - FMC Corp. said it repriced its term loan to Libor plus 250 basis points, a reduction of 225 basis points from previous pricing. Furthermore, the company amended its facility to accommodate the previously announced restructuring at Astaris LLC.

At Dec. 31, borrowings under the term loan are expected to be $247.5 million, according to a company news release.

FMC is a Philadelphia-based diversified chemical company.

© 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.