Rockwood Increases Size of Debt Issue

摘要

Rockwood's new debt issue, first announced earlier this week, has increased in size to $1.25 billion, from $750 million, according to Standard & Poor's (S&P; New York). S&P expects the proceeds to be used to fund the acquisition of Talison Lithium, pay down about $250 million in senior secured debt, and for other corporate purposes. The debt will carry an interest rate of 4.625%, about 100 basis points lower than originally expected, a source close to the situation tells CW.