Corn Products International enters into credit agreement

by World Grain Staff
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WESTCHESTER, ILLINOIS, U.S. — Corn Products International, Inc. announced on Sept. 2 that it has entered into a new three-year, senior unsecured $1 billion revolving credit facility available for general corporate purposes. This replaces the company's existing $500 million senior unsecured revolving credit facility which would have matured April 26, 2013.

The company also entered into a 364-day, $1.35 billion bridge term loan credit facility pursuant to a previously disclosed commitment letter, which facility is available to finance the National Starch acquisition and related expenses.

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