Innophos Holdings, Inc. Completes Redemption of Senior Unsecured Notes Due 2012

CRANBURY, N.J., April 15 /PRNewswire-FirstCall/ -- Innophos Holdings, Inc. (Nasdaq: IPHS) today announced that it had completed the redemption for cash of all remaining $56.0 million of its outstanding 9-1/2% Senior Unsecured Notes due 2012.  The redemption price for the Notes was 100% of the principal amount of the Notes, plus accrued and unpaid interest to the redemption date of April 15, 2010.  The redemption will result in reduced annual after tax cash interest expense of approximately $3.3 million or $0.15 per share.

About Innophos Holdings, Inc.

Innophos Holdings, Inc. (www.innophos.com), the holding company for a leading North American manufacturer of specialty phosphates, serves a diverse range of customers across multiple applications, geographies and channels.  Innophos offers a broad suite of products used in a wide variety of food and beverage, consumer products, pharmaceutical and industrial applications.  Innophos' market-leading positions derive from its experience and dedication to customer service and innovation.  Headquartered in Cranbury, New Jersey, Innophos has manufacturing operations in Nashville, TN; Chicago Heights, IL; Chicago (Waterway), IL; Geismar, LA; Port Maitland, ON (Canada); and Coatzacoalcos, Veracruz and Mission Hills, Guanajuato (Mexico). 'IPHS-G'

SOURCE Innophos Holdings, Inc.

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