TPC Group to repay term loan borrowings in full with notes proceeds

By Sara Rosenberg

New York, Sept. 22 - TPC Group LLC plans to repay all of its term loan debt using proceeds from a $325 million senior secured notes offering, according to a news release.

Remaining proceeds will be used for general corporate purposes, which may include dividends, stock repurchases or other returns of capital to its stockholders.

TPC Group is a Houston-based producer of specialized lines of chemical products to chemical and petroleum companies.

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