05 February 2010 07:06 [Source: ICIS news]
SINGAPORE (ICIS news)--Financially troubled Chemtura Corp said on Friday it has secured new financing from creditors worth $450m (€328.5m) under a debtor-in-possession (DIP) facility.
The new amount was $50m higher than what was initially provided for the day-to-day operations of Chemtura while under bankruptcy protection.
The increase in the amount DIP facility is still pending approval of the ?xml:namespace>
($1 = €0.73)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|