ST. LOUIS, March 2 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE: SOA) today announced that it will commence a public offering of $300 million aggregate principal amount of senior notes due 2020 to be guaranteed by certain of its domestic subsidiaries. Solutia intends to use the net proceeds from the offering for general corporate purposes which may include funding acquisitions, including the previously announced planned acquisition of Etimex Solar GmbH, and the repayment of indebtedness. The exact terms and timing of the offering will depend upon market conditions and other factors.
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Jefferies & Company, Inc., Deutsche Bank Securities Inc., Citibank Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities Inc. are acting as joint book-running managers of the offering.
Solutia is making the offer under a shelf registration statement filed with the Securities and Exchange Commission. This offering will be made solely by means of a prospectus and prospectus supplement, a copy of which may be obtained on the Securities and Exchange Commission's website at www.sec.gov. Alternately, copies of the prospectus and the prospectus supplement can be obtained by contacting Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022, telephone: 1-888-708-5831; Deutsche Bank Securities Inc., 100 Plaza One, Second Floor, Jersey City, NJ 07311, telephone: 1-800-503-4611; Citigroup Global Markets Inc., 388 Greenwich Street, New York, NY 10013, telephone: 1-877-858-5407; HSBC Securities (USA) Inc., 452 5th Avenue, New York, NY 10018, telephone: 1-212-525-4686 or J.P. Morgan Securities Inc., 270 Park Avenue New York, NY 10017, telephone: 1-212-834-4533. This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward Looking Statements
This press release contains forward-looking statements, which can be identified by the use of words such as "believes," "expects," "may," "will," "intends," "plans," "estimates," "estimated," or "anticipates," or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are subject to risks and uncertainties, including without limitation, general market conditions, the market for the company's securities, the performance of the company's business and other risks detailed from time to time in the company's filing with the Securities and Exchange Commission.
Corporate Profile
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® interlayer for laminated glass; CPFilms® aftermarket window films sold under the LLumar® brand and others; and technical specialties including the Flexsys® family of chemicals for the rubber industry, Skydrol® aviation hydraulic fluid and Therminol® heat transfer fluid. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,400 employees in more than 50 locations. More information is available at www.Solutia.com .
SOURCE Solutia Inc.
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