CK Witco Prices $600 Million Five-Year Notes.Business Editors GREENWICH, Conn.--(BUSINESS WIRE)--March 8, 2000 CK Witco Corporation (NYSE NYSE See: New York Stock Exchange :CNW CNW Chicago and North Western (Railroad) CNW Canada News Wire (media service) CNW Community Nutrition Worker CNW Commercial Nuclear Waste ) announced today it has priced $600 million of five-year notes. With an 8.5 percent coupon, the notes were priced at 99.559 percent for a yield to investors of 8.6 percent. Proceeds will be used to pay down debt and refund TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. 2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies two high coupon notes assumed during the company's 1996 acquisition of Uniroyal Chemical. The Uniroyal Chemical notes were retired by an open market tender in December 1999. The offering is the debut offering for CK Witco that was formed in September 1999 from the merger of Crompton & Knowles and Witco Corporation. CK Witco is a $3.1 billion global producer and marketer of polymer and specialty chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. products serving a wide range of customers. |
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