Georgia Gulf announces closing of debt offering

AP News
Posted: Dec 22, 2009 5:49 PM

Georgia Gulf Corp., which makes chemicals and home-improvement products, announced Tuesday the closing of an offering of $500 million aggregate principal amount of its 9 percent senior secured notes due 2017.

The company also announced its entry into a new senior secured asset-based revolving credit line.

It used the net proceeds from the notes offering and borrowings under its new credit line to repay its existing senior secured credit lines and certain other debts, costs and expenses.