Home / Knowledge / News / Textiles / Nova Chemicals completes tender offer
Nova Chemicals completes tender offer
14
Aug '13
NOVA Chemicals Corporation announced that it has completed its tender offer (the “Tender Offer”) for any and all of its $350 million 8.375% senior notes due 2016.

A total of $278,698,000 of the outstanding principal amount of the Notes was validly tendered in the Tender Offer which expired at 11:59 P.M., New York City Time, on August 12, 2013 (the “Expiration Date”).

This amount represents the $278,698,000 of Notes which were previously tendered by 5:00 P.M., New York City Time, on July 29, 2013 (the “Consent Payment Deadline”) and which were accepted and paid for by the Company. No additional Notes were tendered after the Consent Payment Deadline but prior to the Expiration Date.

Additionally, pursuant to a notice issued at the direction of the Company on August 7, 2013 by U.S. Bank National Association, the trustee for the Notes, the Company redeemed all Notes that remained outstanding as of the Expiration Date.

Barclays Capital Inc. acted as the dealer manager and solicitation agent for the Tender Offer.  D.F. King & Co., Inc. served as tender agent and information agent.

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

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search