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Solutia to repay $200 million term loan borrowings via notes proceeds
By Sara Rosenberg
New York, Oct. 5 - Solutia Inc. plans on prepaying $200 million of its senior secured term loan debt using proceeds from a $300 million senior notes offering, according to a news release.
Remaining proceeds will be used for general corporate purposes.
Solutia is a St. Louis-based performance materials and specialty chemicals company.
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