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Neenah Paper (NP) prices its $175M private offering of senior unsecured notes maturing in 2021....

Neenah Paper (NP) prices its $175M private offering of senior unsecured notes maturing in 2021. The notes will bear an annual interest rate of 5.25%. Net proceeds will be used to redeem the outstanding balance of its existing 7.375% senior unsecured notes due 2014, and to repay all borrowings under its secured revolving credit facility. Any remaining funds will be used for general corporate purposes.
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