Nalco to redeem remaining $351.92 million 8 7/8% senior notes due 2013

By Marisa Wong

Madison, Wis., Dec. 23 - Nalco Co. said that it will redeem all $351,923,000 of its outstanding 8 7/8% senior subordinated notes due Nov. 15, 2013 on Jan. 20.

The notes will be redeemed at 101.479 plus accrued interest to the redemption date.

The company recently began a tender offer for the notes. As previously reported, Nalco had received tenders for $113,077,000 of its $465 million of 8 7/8% notes as of Dec. 20.

Nalco is a water treatment and process improvement company based in Naperville, Ill.

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