New York, July 18, 2013 -- Moody's Investors Service assigned a B1 rating to Chemtura Corporation's (Chemtura) proposed senior unsecured notes due 2021. The proceeds from the proposed notes, along with existing balance sheet cash, will be used to pay for the portion of its outstanding 7.875% senior unsecured notes due 2018 that were successfully tendered and fees associated with the tender process. The firm is also prepaying $50 million of its term loan B due 2016. The rating outlook is stable.
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