Hexion Specialty Chemicals, Inc. Announces Bank Funding Of $325 Million Merger Termination Fee
Hexion Specialty Chemicals, Inc. today announced that Credit Suisse and Deutsche Bank (the ‘Banks’) have funded to its parent company, Hexion LLC, funds to fully cover payment of the $325 million termination fee associated with Hexion Specialty Chemicals’ terminated merger agreement with Huntsman Corporation. Hexion plans to promptly convey the termination fee to Huntsman Corporation.