Solutia Climbs After Amendment, Bond Offering Increase

09 Oct 2009

Solutia’s $1.2 billion exit term loan traded up to just above par, floating around 102, after the St. Louis-based specialty chemicals-maker said it amended its agreement with lenders on its exit financing and would increase its bond offering to $400 million from $300 million of its 8 3/4% senior unsecured notes priced at par.

--Katherine Greene

Solutia’s $1.2 billion exit term loan traded up to just above par, floating around 102, after the St. Louis-based specialty chemicals-maker said it amended its agreement with lenders on its exit financing and would increase its bond offering to $400 million from $300 million of its 8 ...

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