On March 24, 2017, Kraton Polymers LLC, a Delaware limited
liability company, and Kraton Polymers Capital Corporation, a
Delaware corporation (collectively, the Issuers), wholly-owned
subsidiaries of Kraton Corporation (Kraton), closed their
previously announced private offering of $400.0 million in
aggregate principal amount of 7.000% Senior Notes due 2025 (the
Notes) to certain initial purchasers for resale to persons
reasonably believed to be qualified institutional buyers under
Rule 144A under the Securities Act of 1933, as amended (the
Securities Act), and outside the United States to non-U.S.
persons in accordance with Regulation S under the Securities Act.
The Notes are general senior unsecured obligations of the Issuers
and are guaranteed on a senior unsecured basis by Kraton and
certain of its wholly-owned domestic subsidiaries (collectively,
the Guarantors).

The information set forth below under Item 2.03 of this Current
Report on Form 8-K with respect to the Indenture (as defined
below) is incorporated by reference into this Item 1.01.

The information regarding the Notes set forth in Item 1.01 of
this Current Report on Form 8-K is incorporated by reference into
this Item 2.03.

The Notes were issued to an Indenture, dated as of March 24, 2017
(the Indenture), among the Issuers, the Guarantors and Wells
Fargo Bank, National Association, as Trustee. The Notes mature on
April 15, 2025. The Issuers will pay interest on the Notes on
January 15 and July 15 of each year, commencing on July 15, 2017;
provided>that the final interest payment date will be April
15, 2025.

At any time prior to April 15, 2020, the Issuers may redeem up to
40.0% of the aggregate principal amount of the Notes with the net
proceeds of certain equity offerings at a redemption price equal
to 107.000% of the principal amount of the Notes plus accrued and
unpaid interest, if any, to, but excluding, the date of
redemption. The Issuers may make that redemption only if, after
the redemption, at least 50.0% of the aggregate principal amount
of Notes issued under the Indenture remains outstanding. In
addition, at any time prior to April 15, 2020, the Issuers may
redeem some or all of the Notes at a redemption price equal to
100.0% of the principal amount of the Notes plus accrued and
unpaid interest, if any, to, but excluding, the redemption date
and a make-whole premium. At any time on or after April 15 of the
relevant years listed below, the Issuers may redeem some or all
of the Notes at the prices listed below, plus accrued and unpaid
interest, if any, to, but excluding, the date of redemption: 2020
at a redemption price of 105.250%; 2021 at a redemption price of
102.625%; and 2022 and thereafter at a redemption price of
100.000%.

Upon a Change of Control (as defined in the Indenture) each
holder has the right to require the Issuers to offer to
repurchase all or any part of such holders Notes at a purchase
price equal to 101.0% of the principal amount thereof, plus
accrued and unpaid interest, if any, to, but excluding, the
repurchase date.

The Issuers are not required to make mandatory sinking fund
payments with respect to the Notes.

The Indenture contains various other covenants and obligations to
which Kraton and its subsidiaries are subject to while the Notes
are outstanding. The covenants in the Indenture limit the ability
of Kraton and its subsidiaries to, among other things: (i) incur
additional debt; (ii) pay dividends or make other restricted
payments; (iii) purchase, redeem or retire capital stock or
subordinated debt; (iv) make asset sales; (v) enter into
transactions with affiliates; (vi) incur liens; (vii) provide
guarantees; (viii) make investments; and (ix) consolidate,
amalgamate, combine or merge with any other person. The Indenture
also contains customary events of default for transactions of
this type and amount.

>The foregoing summary does not purport to be complete and is
subject to, and qualified in its entirety, by the full text of
the Indenture and the form of Global Note, attached to this
Current Report on Form 8-K as Exhibits 4.1 and 4.2, respectively,
and incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits