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Published on 10/17/2014 in the Prospect News Canadian Bonds Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

NOVA Chemicals to redeem all 8 5/8% notes due 2019 via new offering

By Tali Rackner

Norfolk, Va., Oct. 17 – NOVA Chemicals Corp. plans to redeem its existing $350 million in aggregate principal amount of 8 5/8% senior notes due 2019 with the proceeds from a new notes offering, according to a press release.

The notes will be redeemed on Nov. 3.

Proceeds will also be used to pay the fees expenses associated with the redemption and for general corporate purposes

NOVA Chemicals is a chemical company based in Calgary, Alta.


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