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Rain Carbon to redeem 8¼%, 8½% notes via proceeds from new facilities
By Sarah Lizee
Olympia, Wash., Nov. 27 – Rain Carbon Inc. intends to redeem Rain CII Carbon LLC’s 8¼% dollar-denominated senior secured notes due 2021 and 8½% euro-denominated senior secured notes due 2021, according to a press release.
The redemption will be funded using proceeds from a new €390 million term loan B facility and a new $150 million revolving credit facility.
The company also intends to use cash on hand for the redemption.
Rain Carbon is a Stamford, Conn.-based producer of a diversified portfolio of carbon-based and chemical products.
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