Pricing has been cut on the $950 million term loan for Wayne, N.J.-based chemical manufacturer ISP Chemco, a subsidiary of International Specialty Holdings Corp. The pricing on the seven-year term loan has been cut from the proposed rate of LIBOR plus 2% to LIBOR plus 1 3/4%. Pricing on a six-year, $200 million revolving credit facility held at LIBOR plus 2%. The company is using the deal to repay its bonds due in 2009 and 2011 (CIN, 1/30). JPMorgan began syndicating the loan Jan. 20. Neal Murphy, senior v.p. and cfo at ISP Chemco, was not available for comment.