Arch Chemicals closes on $210 million revolver

By Sara Rosenberg

New York, July 3 - Arch Chemicals Inc. obtained a new $210 million senior revolving credit facility due in June 2006.

This revolver replaces the company's previous $65 million credit facility, which expired June 20, and a $125 million facility that was scheduled to expire in January 2004.

"I am very pleased with our ability to replace our current facilities with this new facility that provides a committed source of funding for the next three years. The new facility contains covenants which are consistent with those in the former facilities, and provides the company with additional capacity to fund its growth over the next several years," said Louis S. Massimo, executive vice president and chief financial officer, in a news release.

Arch Chemicals is a Norwalk, Conn. global specialty chemical company.

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