W.R. Grace & Co.-Conn.: Covenant Quality Post-Sale Snapshot: $750m 4.875% Notes due 2027
CORPORATES ISSUER IN-DEPTH 21 August 2020 Source Documents: Offering Memorandum: 12 Jun 2020 Peer Group: » Chemical See Snapshot User’s Guide for terminology, analytical criteria and our ranking of covenant structures. This report contains Moody’s analysis of the principal protections and weaknesses of the covenant package of the Notes based on information contained in the Offering MemGrace (W.R.) is engaged in the production and sale of specialty chemicals and specialty materials through two reportable business segments: Grace Catalysts Technologies and Grace Materials Technologies. Grace Catalysts Technologies includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications. Grace Materials Technologies includes specialty materials, including silica-based and silica-alumina-based materials, used in consumer/pharma, chemical process, and coatings applications. The company conducts all of its business through a single wholly owned subsidiary, W. R. Grace & Co.-Conn.
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