Printer Friendly

Union Carbide.

Union Carbide redeemed all of its outstanding $350 million of 9.75% senior subordinated notes due April 15, 1994 as part of its debt strategy. The notes were redeemed at a price equal to 101.625% of the principal amount. The redemption will not have a material effect on earnings. In another transaction, both Union Carbide and Union Carbide Industrial Gases signed credit agreements with groups of banks that will provide UCIG with $1 billion in credit and Union Carbide with $850 million in credit.
COPYRIGHT 1992 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:redeems senior subordinated notes and signs credit agreements
Publication:Rubber World
Article Type:Brief Article
Date:May 1, 1992
Previous Article:Goodyear.
Next Article:Uniroyal Adhesives and Sealants.

Related Articles
Union Carbide.
Union Carbide and Mitsubishi.
Union Carbide.
Texaco, Union Carbide Sign Natural Gas Liquids Agreements.
Lucent Technologies Signs $34 Million Outsourcing Agreement to Support Union Carbide's Voice Network and Call Centers.
Fitch Rates Dow's eBond.
S&P Withdraws Westbridge Insurance Ltd. 'BBB' Ratings.
Evaluating credit enhancement floors in equipment ABS.
Fitch Upgrades UOP's Ratings to 'A+/F1'; Removes Rating Watch Positive.
Fitch Revises Dow Chemical's Outlook to Positive; Affirms IDR at 'A-'.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters