Hexion Specialty Chemicals to tender for all 8%, 9½%, 13½% notes

By Jennifer Chiou

New York, April 17 - Hexion Specialty Chemicals announced it will soon launch a cash tender offer for all of its 8% senior notes, 9½% senior second secured notes and 13½% senior subordinated notes.

The company will use its new senior secured credit facilities to fund the offers.

Hexion also said it expects to redeem its series A preferred stock.

The Columbus, Ohio, company produces thermoset resins for the global wood and industrial markets.

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