Sabic Innovative Plastics calls $975 million 9½% notes due 2015

By Melissa Kory

Cleveland, July 18 - Sabic Innovative Plastics Holding BV said it will redeem its $975 million of 9½% notes due Aug. 15, 2015.

The notes will be redeemed on Aug. 15 at 104.75 plus accrued interest to the redemption date.

Bank of New York Mellon is the redemption agent.

Sabic is a Pittsfield, Mass.-based manufacturer of thermoplastic materials. Parent company Saudi Basic Industries Corp. is a Riyadh, Saudi Arabia-based maker of chemicals, fertilizers, plastics and metals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.