PQ amends loan, allowing for bond tender

By Sara Rosenberg

New York, June 26 - PQ Corp. amended its credit facility, allowing it to tender for its $275 million of 7½% senior subordinated notes due 2013, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

The amendment was completed on June 25.

UBS is the administrative agent on the deal.

The tender offer for the notes commenced on Tuesday and expires on July 24.

The tender is being done in connection with the company's buyout by The Carlyle Group from CCMP Capital Advisors, LLC in a transaction valued at $1.5 billion.

PQ is a Berwyn, Pa., producer of specialty inorganic chemicals, catalysts and engineered glass products.

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