December 23, 2009 (FinancialWire) — Kraton Performance Polymers, Inc. has closed its initial public offering of 10,294,118 shares of its common stock at a price of $13.50 per share. Credit Suisse Securities (NYSE: CS), BofA Merrill Lynch (NYSE: BAC), Morgan Stanley & Co. (NYSE: MS) and Oppenheimer & Co. (NYSE: OPY) are the bookrunning managers.

The underwriters have a 30-day option to purchase up to an additional 1,544,117 shares of common stock from the company at the public offering price less the underwriting discount to cover over-allotments, if any.

Kraton plans to use the net proceeds of the offering to repay a portion of its senior secured credit facility and the remaining net proceeds for general corporate purposes, including to fund strategic capital projects such as alternative production capabilities for Isoprene Rubber, the development of additional capacity in its Isoprene Rubber Latex business and/or for the continuation of its upgrade of certain systems and operating controls at its Belpre, Ohio facility.

Kraton Performance Polymers is a producer of engineered polymers and a producer of styrenic block copolymers. The company has production facilities located in the United States, Germany, France, the Netherlands, Brazil and Japan.

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