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.

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