Kraton aims to raise $200 million to restructure debts

ERJ staff report (DS)

Houston, Texas -- Kraton Polymers LLC and Kraton Polymers Capital Corporation, two subsidiaries of Kraton Performance Polymers, Inc. said it intends to sell $200 million in loan notes due 2019 (the "Notes") in an institutional private placement. The Notes will be unsecured and will be guaranteed on a senior basis by Kraton Performance Polymers, Inc. and all of Kraton Polymer LLC's wholly-owned domestic subsidiaries.

The money raised will be used to restructure existing debts.

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Press release from Kraton