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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.
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Title Annotation:redeems senior subordinated notes and signs credit agreements
Publication:Rubber World
Article Type:Brief Article
Date:May 1, 1992
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