Chemtura Sells Notes

The company peddles $400 million of 10-year senior notes.
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Chemtura

(CEM) - Get Report

, a specialty chemical maker, announced its offer of $400 million senior notes due in 2016.

The company intends to use the net proceeds to redeem its outstanding $164.8 million senior floating rate notes and also to reduce borrowings outstanding under its revolving credit facility.

Credit Suisse and Citigroup are the lead managers of the offering.

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