Furon Notes Placed
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LAGUNA NIGUEL — Furon Co. said it has completed a private placement of $125 million of notes due 2008. The notes bear interest at 8.13% per year, payable semi-annually, Furon said.
The company said the net proceeds from the offering, which totaled about $121.7 million, will be used to repay a portion of Furon’s existing debt.
Furon designs, develops and manufactures products made primarily from polymer materials for the industrial and health care markets.
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