NEWARK, Del., Feb. 9, 2009 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced that the Company has completed its planned refinancing of its existing loan facilities and entered into a new three year US$150,000,000 facilities agreement consisting of a US$50,000,000 term loan, and a US$100,000,000 revolving facility, up to US$50,000,000 of which is available for use by U.S. companies in the Innospec group (“Facilities Agreement”). These debt facilities are fully syndicated and the participating banks include Lloyds TSB, Royal Bank of Scotland, Barclays Bank, Yorkshire Bank and Credit Suisse. This new facility replaces Innospec’s existing facility which was due to expire in June 2009.
