Chemtura Offers $400 Million Senior Notes Due 2016 (Update).MIDDLEBURY, Conn. -- Chemtura Corporation (NYSE NYSE See: New York Stock Exchange :CEM CEM contagious equine metritis. CEM selective medium chocolate agar made with Eugon agar and 5% horse blood; used to cultivate Taylorella equigenitalis. ) today announced that it will offer $400 million aggregate principal amount of senior notes due 2016. The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. The company intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to (i) redeem its outstanding $164.8 million aggregate principal amount of Senior Floating Rate Notes and (ii) reduce borrowings outstanding under its revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility. The offering is being lead managed by Credit Suisse and Citigroup. Copies of the prospectus and prospectus supplement related to the public offering may be obtained from Credit Suisse, Prospectus Department, One Madison Avenue, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10010 (Telephone Number 212-325-2580) or Citigroup, Brooklyn Army Terminal The Brooklyn Army Terminal consists of large complex of piers, docks, warehouses, cranes, railroad sidings and cargo loading equipment. The terminal was responsible for shipment of army equipment and personnel overseas. , 140 58th Street, 5th Floor, Brooklyn, New York 11220 (Telephone Number 718-765-6732). THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY NOTES. THE NOTES WILL NOT BE SOLD IN ANY STATE OR JURISDICTION IN WHICH SUCH AN OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. Chemtura Corporation, with pro forma 2005 sales of $3.9 billion, is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products. Additional information concerning Chemtura is available at www.chemtura.com. |
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