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NOVA Chemicals to offer $500mn of senior notes
17
Jul '13
NOVA Chemicals Corporation announced that it intends to offer $500 million of senior notes due 2023 in a private offering. The Company plans to use the net proceeds of the offering to purchase any and all of its outstanding 8.375% senior notes due 2016 that are tendered pursuant to a cash tender offer and consent solicitation also announced  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.

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.

Nova Chemicals


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