NOVA Chemicals Corporation Announces Pricing of Private Offering of $500 Million of Senior Notes due 2023
(Thomson Reuters ONE) -
NOVA Chemicals Corporation, 1000 Seventh Avenue S.W., Calgary, Alberta, Canada
T2P 5L5
www.novachemicals.com | 403.750.3600 tel | 403.269.7410 fax
News Release
NOVA Chemicals Corporation Announces Pricing of Private Offering of $500 Million
of Senior Notes due 2023
Calgary, Alberta (July 16, 2013) - NOVA Chemicals Corporation (the "Company")
announced today the pricing of the previously announced private offering of $500
million of senior notes due 2023. The senior notes will have an interest rate of
5.25% per annum and are being issued at a price of 100% of their face value. The
closing of the offering of the senior notes is expected to occur on July
30, 2013, subject to customary closing conditions. The Company plans to use the
net proceeds of the offering to purchase any and all of its outstanding its
8.375% Senior Notes due 2016 that are tendered pursuant to a cash tender offer
and consent solicitation also announced today and to pay related transaction
fees and expenses. The remaining net proceeds will be used for general corporate
purposes, which may include, among other things, the repurchase, redemption or
other acquisition of any notes not tendered in the tender offer.
The senior notes will be issued in reliance on the exemption from the
registration requirements provided by Rule 144A and Regulation S of the United
States Securities Act of 1933, as amended (the "Securities Act"). None of the
senior notes have been registered under the Securities Act or the laws of any
state of other jurisdiction and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state securities laws.
This news release does not constitute an offer to sell or the solicitation of an
offer to buy any security, nor will there be any sale of any security in any
state or other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state other jurisdiction.
About NOVA Chemicals
NOVA Chemicals develops and manufactures chemicals, plastic resins and end-
products that make everyday life safer, healthier and easier. Our employees work
to ensure health, safety, security and environmental stewardship through our
commitment to sustainability and Responsible Care(®). NOVA Chemicals,
headquartered in Calgary, Alberta, Canada, is a wholly owned subsidiary of the
International Petroleum Investment Company (IPIC) of the Emirate of Abu Dhabi,
United Arab Emirates.
Visit NOVA Chemicals on the Internet at www.novachemicals.com.
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Inquiries, please contact:
NOVA Chemicals
Pace Markowitz
Director, Communications
markowp(at)novachem.com
NOVA Chemicals' logo is a registered trademark of NOVA Brands Ltd.; authorized
use.
Responsible Care(®) is a registered trademark of the Chemistry Industry
Association of Canada.
Forward-Looking Statements: This news release contains forward-looking
statements regarding NOVA Chemicals' proposed offering of senior notes. By their
nature, forward-looking statements require NOVA Chemicals to make assumptions
and are subject to inherent risks and uncertainties. Some of the risks that
could affect NOVA Chemicals' future results are detailed in the publicly filed
disclosure documents of NOVA Chemicals. NOVA Chemicals' forward-looking
statements are expressly qualified in their entirety by this cautionary
statement. In addition, the forward-looking statements are made only as of the
date of this news release, and except as required by applicable law, NOVA
Chemicals undertakes no obligation to publicly update the forward-looking
statements to reflect new information, subsequent events or otherwise.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NOVA Chemicals Corporation via Thomson Reuters ONE
[HUG#1716874]
Unternehmensinformation / Kurzprofil:
Datum: 16.07.2013 - 23:01 Uhr
Sprache: Deutsch
News-ID 279042
Anzahl Zeichen: 4827
contact information:
Town:
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Kategorie:
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