JPMorgan

Solutia Inc. (NYSE: SOA) announced today that it has successfully closed a new $1,150 million senior secured credit facility ("Credit Facility"), consisting of an $850 million term loan B ("Term Loan") maturing in 2017 and a $300 million revolving credit facility ("Revolver") maturing in 2015. The Term Loan was issued at 99.5% of the principal amount and initial pricing is LIBOR ...

ST. LOUIS, March 17 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE: SOA) announced today that it has successfully closed a new $1,150 million senior secured credit facility ("Credit Facility"), consisting of an $850 million term loan B ("Term Loan") maturing in 2017 and a $300 million revolving credit facility ("Revolver") maturing in 2015.  The Term Loan was issued at 99.5% of the principal amount and initial pricing is LIBOR plus 3.25 percent with a 1.50 percent floor, for a current coupon of 4.75 percent versus 7.25 percent under Solutia's existing term loan.  Initial pricing on the Revolver is LIBOR plus 3.50 percent, with no LIBOR floor.  Additionally, the interest spread on the Term Loan and Revolver is subject to a step-down based on net leverage as defined in ...

ST. LOUIS, March 2 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE: SOA) today announced that it has priced a public offering of $300 million aggregate principal amount of senior unsecured notes due 2020. The notes will bear an interest rate of 7.875 percent per annum and will be issued at a price of 99.5 percent of the aggregate principal amount.  The notes resulted in net proceeds to the Company of approximately $292 million after deducting underwriting discounts and commissions. (Logo: http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO) Solutia expects to close the offering on March 9, 2010, subject to customary closing conditions. Solutia intends to use the net proceeds to partially fund Solutia's recently announced acquisition of Etimex Solar GmbH and for general corporate purposes. Standard & Poor's Ratings Services assigned a B+ rating to the Company's proposed $300 million senior unsecured notes.  Moody's ...

Solutia (NYSE: SOA) today announced that it will commence a $1.05 billion senior secured financing to replace its existing senior secured term loan facility due February 2014 and ...

ST. LOUIS, March 2 /PRNewswire-FirstCall/ -- Solutia (NYSE: SOA) today announced that it will commence a $1.05 billion senior secured financing to replace its existing senior secured term loan facility due February 2014 and its existing senior secured ABL facility due February 2013. A portion of the net proceeds from the refinancing may be used to partially fund Solutia's recently announced acquisition of Etimex Solar GmbH. (Logo: http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO ) The proposed refinancing is expected to include a new senior secured $750 million term loan due 2017 and a new senior secured $300 million cash flow revolving ...