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American Pacific to sell $110M in debt


Published : Wed, 17 Jan 2007 13:52
By : Agencies
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LAS VEGAS (AFX) - Specialty chemicals maker American Pacific Corp. said Wednesday it plans to sell senior notes with principal of $110 million in a move to refinance existing debt.

The notes will be available to qualified institutional buyers and come due in 2015.

American Pacific said some of the proceeds will be used to finance an additional payment associated with its 2005 purchase of its fine chemicals business. Any remaining money not used to refinance debt will be put to work for general corporate purposes.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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