Momentive repurchases €17.2 million 9½% second priority notes due 2021

By Tali David

Minneapolis, Nov. 9 - Momentive Performance Materials Inc. announced that it has bought back €17.2 million principal amount of its 9½% second priority springing lien notes due 2021 since Sept. 30.

The company repurchased the bonds in the open market, paying €12.2 million plus accrued interest, according to a 10-Q filing with the Securities and Exchange Commission.

The transaction reduced the principal amount of the outstanding notes to €132.8 million from €150 million.

Momentive is an Albany, N.Y.-based producer of silicones and advanced materials.

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