Albemarle says Rockwood 4.625% notes due 2020 to be redeemed Oct. 15

By Wendy Van Sickle

Columbus, Ohio, Sept. 14 – Albemarle Corp. said all $1.25 billion of outstanding 4.625% senior notes due 2020 issued by its subsidiary Rockwood Specialties Group, Inc. have been called for redemption in a press release Monday.

The notes are expected to be redeemed Oct. 15 at a price the company estimated Monday at 103.469 plus accrued interest.

The redemptions will be funded with the proceeds of a new term loan credit facility.

Albemarle is a Baton Rouge, La., specialty chemicals company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.