Arch Chemicals issues remaining $125 million of 4% notes due 2017

By Lisa Kerner

Charlotte, N.C., Dec. 31 - Arch Chemicals, Inc. issued the remaining $125 million principal amount of its 4% senior notes due Dec. 31, 2017 on Thursday, according to a company news release.

In September, the company announced it agreed to sell $250 million total principal amount of the notes to institutional investors in a private placement and issued $125 million principal amount of the notes at closing.

Proceeds will be used for general corporate purposes.

As previously reported, note purchasers include ING Life Insurance & Annuity Co., ING USA Annuity & Life Insurance Co., ReliaStar Life Insurance Co., ReliaStar Life Insurance Co. of New York, New York Life Insurance Co., New York Life Insurance & Annuity Corp., Forethought Life Insurance Co., Metropolitan Life Insurance Co., MetLife Investors Insurance Co., Massachusetts Mutual Life Insurance Co., C.M. Life Insurance Co., MassMutual Asia Ltd., Great-West Life & Annuity Insurance Co., Great-West Life Assurance Co., CUNA Mutual Insurance Society, Cumis Insurance Society, Inc. and Southern Farm Bureau Life Insurance Co.

Arch Chemicals is a biocides company based in Norwalk, Conn.

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