Citi Wins DIP Deal for Solutia

Burns, Mairin
January 2004
Investment Dealers' Digest;1/26/2004, Vol. 70 Issue 4, p40
Trade Publication
Reports that Citigroup has won U.S. bankruptcy court approval to provide $525 million in debtor-in-possession financing to chemical maker Solutia Inc. Replacement of $350 million loan furnished by Cerberus Capital Management in October 2003; Solutia's search for a better refinancing deal; Additional savings for Solutia via the Citigroup deal.


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