Cognis completes recent refinancing by replacing remaining PIK notes
Remaining PIK notes redeemed and refinanced by a new PIK loan of 362 million euros
19-Jun-2007 -
Cognis has continued to optimize its financial structure. With this latest step the global specialty chemicals company redeemed its outstanding PIK (Pay In Kind) notes worth approximately 348 million euros (including accrued interests), and replaced them with a new PIK loan worth 362 million ...
Cognis
reductions
specialty chemicals