Kraton (KRA) Units Complete $100M Senior Notes Offering
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Kraton Polymers LLC and Kraton Polymers Capital Corporation, two subsidiaries of Kraton Performance Polymers, Inc. (NYSE: KRA), has completed its offering of $100,000,000 principal amount of its 6.75% Senior Notes due 2019 at an issue price of 101.250%. The notes constitute a further issuance of, and are fungible with, the $250,000,000 aggregate principal amount of 6.75% Senior Notes due 2019 which were issued on February 11, 2011 through an institutional private placement and subsequently exchanged in full for identical notes (the "existing notes") on June 13, 2011 through a registered exchange offer under the Securities Act. The additional notes form a single series of debt securities with the existing notes.
The Company intends to use the proceeds of this offering for general corporate purposes, which may include funding for capital expenditures or investments, including, among other things, a portion of our proposed new hydrogenated SBC manufacturing facility.
The Company intends to use the proceeds of this offering for general corporate purposes, which may include funding for capital expenditures or investments, including, among other things, a portion of our proposed new hydrogenated SBC manufacturing facility.
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