Dow Chemical to pay off balance of bridge loan

10/1/2009 | Reuters · Forbes

Dow Chemical will spend about $1 billion to pay the remainder of its loan from its acquisition of Rohm and Haas. The money will come from the company's $1.675 billion sale of Morton Salt to Germany's K+S. "With this transaction, we have accomplished our objective of fully paying off the bridge loan and eliminating this financing facility," said Andrew Liveris, Dow's chairman and CEO.

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