Chemtura amends loan, revising interest coverage ratio

By Sara Rosenberg

New York, Dec. 15 - Chemtura Corp. amended its credit facility, changing the interest coverage ratio to 4.00:1.00 from 4.25:1.00 on Dec. 31 and to 4.25:1.00 from 4.50:1.00 on March 31 and June 30, 2007, according to an 8-K filed with the Securities and Exchange Commission Friday.

The amendment was completed on Dec. 14.

Citibank is the agent on the deal.

Chemtura is a Middlebury, Conn.-based manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products.

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