Nalco plans to redeem all of its 8¼%, 6 5/8% and 6 7/8% senior notes

By Ashley Montgomery

Kansas City, Kan., Dec. 12 - Nalco Co. plans to redeem all of its outstanding $500 million of 8¼% senior notes due 2017, $750 million of 6 5/8% senior notes due 2019 and €200 million of 6 7/8% senior notes due 2019 in January, according to a company news release.

The company will redeem 35% of each series on Jan. 8.

As previously reported, Nalco on Dec. 9 announced its intention to redeem $175 million, or 35%, of its 8¼% senior notes at 108.25 and 262.5 million, or 35%, of its 6 5/8 % notes at 106.625. The 6 7/8% senior notes were not included in the earlier announcement.

The remaining outstanding amounts of each series will be redeemed on Jan. 10.

The Bank of New York Mellon Trust Co., NA is the trustee.

Nalco is a subsidiary of Ecolab Inc., a St. Paul-based provider of water, hygiene and energy technologies and services.

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