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 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search