Kraton Performance Polymers, Inc. (KRA) Closes On Refinancing Deals
Kraton Performance Polymers, Inc. reported the closing of two recent capital market transactions with the proceeds used to refinance its existing debt obligations and provide additional liquidity for the company. Kraton Performance Polymers, Inc. issued $250 million senior notes in a private placement transaction with a group of institutional investors. The senior notes have a coupon of 6.75% and mature in 2019. The company said that due to strong interest from investors, the amount sold was raised from the original amount of $200 million. Kraton Performance Polymers, Inc. also secured a two part $350 million senior secured credit facility, including…