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Rockwood wraps tender offer, takes in $660,000 4 5/8% notes due 2020
By Toni Weeks
San Luis Obispo, Calif., May 15 - Rockwood Holdings, Inc. wholly owned subsidiary Rockwood Specialties Group, Inc. completed its cash tender offer for up to $400 million principal amount of 4 5/8% senior notes due 2020.
The company received tenders for $660,000 of the notes by the offer expiration date, midnight ET on May 14. All tendered notes were accepted for purchase.
The purchase price will be par plus accrued interest to but excluding the payment date, which will be May 20.
The asset sale offer was made under the note terms as a result of the company's sale of its advanced ceramics segment and clay-based additives business with cash on hand, according to a previous press release.
Global Bondholder Services Corp. (866 807-2200 or banks and brokers call 212 430-3774) was the information agent.
Princeton, N.J.-based Rockwood is a specialty chemicals and advanced materials company.
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