Rockwood Holdings Gets More Flexible Loan Terms

PRINCETON, N.J. (AP) — Rockwood Holdings Inc., which supplies specialty chemicals and advanced materials, said Monday it arranged for more flexible terms to its senior secured credit facility.

Specifically, the maturity date of $1.22 billion of its term loans was extended from 2012 to 2014.

Further, the amount of net debt to earnings before interest, taxes, depreciation and amortization, permissible under terms of the facility was increased through the end of next year.

Last month the company said it hired Credit Suisse Securities LLC to advise it as it sought more flexible loan terms.

In afternoon trading, Rockwood Holdings fell 74 cents, or 4.5 percent, to $15.79 as the broader market sold off.