debt
confidence high
sentiment neutral
materiality 0.50
Stepan issues $50M of 2.37% Senior Notes due Sept 2028
STEPAN CO
- $50M aggregate principal of 2.37% Senior Notes, Series 2021-B, issued Sept 23, 2021.
- Maturity Sept 23, 2028; interest paid semi-annually.
- Principal amortization begins Sept 23, 2024, equal annual payments through Sept 23, 2027, then final balance.
- Notes issued under existing Note Purchase Agreement; subsidiary guaranty from Stepan Specialty Products and Stepan Surfactants Holdings.