Kraton calls $282.41 million of 10˝% notes due 2023 at 110.4118

By Susanna Moon

Chicago, June 12 – Kraton Corp. issued a redemption notice for its $282,409,000 of outstanding 10˝% senior notes due April 15, 2023.

The notes will be redeemed on June 13 at a price of 110.4118% of par issued in tranches of $51,409,000 and $231 million, according to the call notice.

The issuer also will pay accrued interest to the redemption date.

Wells Fargo Bank, NA is the agent.

As announced, holders had tendered $157,591,000 of the $440 million of outstanding 10˝% senior notes due 2023 in the offer that ended at 5 p.m. ET on May 18.

The company’s subsidiaries Kraton Polymers LLC and Kraton Polymers Capital Corp. were tendering for the notes at a price of $1,107.66 per $1,000 principal amount plus accrued interest up to but excluding the settlement date.

Kraton is a Houston-based producer of engineered polymers and styrenic block copolymers.

© 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.