Venator to repay borrowings under ABL facility via new note proceeds

By Sarah Lizee

Olympia, Wash., May 8 – Venator Materials plc plans to repay borrowings under its asset-based facility using proceeds from a new note offering, according to a press release.

The company announced Friday that it intends to offer $225 million of senior secured notes due 2025.

Proceeds from the offering may also be used for general corporate purposes.

With headquarters in the Woodlands, Texas, Venator is a manufacturer and marketer of chemical products comprising a range of pigments and additives to color and protect buildings and reduce energy consumption.

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