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Vantico plans $325 million notes as part of restructuring
By Paul A. Harris
St. Louis, May 29 - Vantico Group SA said Thursday that it plans an offering of $325 million of senior secured notes in connection with its restructuring.
No timing, underwriters or other details were announced on the Rule 144A offering.
The exchange to implement the restructuring is currently scheduled to expire on June 16.
The company also announced that it would obtain a new $75 million credit facility, and added that it currently expects that substantially all the assets of the company will be pledged to secure the debt financing.
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