Kraton Performance Polymers, Inc. announced the closing of its initial public offering of 10.3 million shares of its common stock at a price of $13.50 per share. 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.

The company expects 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.

The shares are listed on the New York Stock Exchange and trade under the symbol “KRA.”

Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Morgan Stanley & Co. Incorporated and Oppenheimer & Co. Inc. are the bookrunning managers of the offering.