UCC Investors Holding Inc. plans to erase three series of high-cost debt with proceeds from a $750 million offering scheduled for early next year, the company said.

The Connecticut-based company, parent of Uniroyal Chemical Co., yesterday announced it plans to issue the three part public offering in the first quarter. The proposed deal hinges on a number of factors, including the interest rate environment and obtaining approval from some banks and other institutional lenders, a UCC release says.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.