August 18, 2017 9:25 PM ET

Chemicals

Company Overview of Hexion LLC

Company Overview

Hexion LLC is a holding company, which through its subsidiary Hexion Inc., produces thermoset technologies, specialty products, and technical support for a range of applications and industries worldwide. Hexion LLC was formerly known as Momentive Specialty Chemicals Holdings LLC. The company was incorporated in 2004 and is based in Columbus, Ohio. As of October 1, 2010, Hexion LLC operates as a subsidiary of Hexion Holdings LLC.

180 East Broad Street

Floor 26

Columbus, OH 43215

United States

Founded in 2004

11,000 Employees

Phone:

614-225-4000

Fax:

614-220-6612

Key Executives for Hexion LLC

Chief Executive Officer and Director
Age: 61
Chief Financial Officer and Director
Age: 63
Compensation as of Fiscal Year 2017.

Hexion LLC Key Developments

Hexion Inc. and Hexion LLC Enter into an Amendment Agreement

On December 21, 2016, Hexion Inc. entered into an Amendment Agreement among Hexion LLC, the company, certain subsidiaries of the company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. The Amendment Agreement amended and restated the company’s amended and restated asset-based revolving credit facility with modifications to, among other things, permit the refinancing of the company’s 8.875% Senior Secured Notes due 2018 with new first-priority senior secured notes, new senior secured notes and/or other secured or unsecured indebtedness. In addition, under the ABL Facility, certain Lenders agreed to provide extended revolving facility commitments in an aggregate principal amount of approximately $350 million with a maturity date of December 5, 2021, subject to the completion of certain conditions, including, among other things, the refinancing of a portion of the Senior Secured Notes. Upon the effectiveness of the Extended ABL Facility Commitments, the existing commitments will be terminated and the size of the ABL Facility will be reduced from $400 million to $350 million. The December 5, 2021 maturity date of the Extended ABL Facility Commitments is also subject to certain early maturity triggers based on the maturity date and outstanding principal amount of certain series of the Company’s secured notes. There can be no assurance that the Extended ABL Facility Commitments will become effective on the terms currently contemplated, or at all.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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