| Deal Description | Allied Chemical Corporation expected to use the proceeds from the sale of debentures for general corporate purposes, including new plants and other facilities, and for additions and improvements to their existing plants and facilities. The sale of the debentures would also result in the company's ability to reduce debt by at least $115 million. The growth of the company and its diversification into new product lines resulted in substantial capital expenditures. The expansion of nylon and caprolactam capacity, oil and gas exploration and development, new production facilities for amonia, urea, and other fertilizer materials, storage and distribution facilities for fertilizer solutions, new production facilities for broad range plastic products, and replacement of expansion coke production facilities were expected. |
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