Solutia Inc. announced on 5 October 2009 that it will commence a public offering of USD 300 million aggregate principal amount of senior notes due 2017 to be guaranteed by some of its domestic subsidi…
Solutia Inc. announced on 5 October 2009 that it will commence a public offering of USD 300 million aggregate principal amount of senior notes due 2017 to be guaranteed by some of its domestic subsidiaries. Solutia said that it intends to use the net proceeds from the offering to prepay a USD 200 million aggregate principal amount of its senior secured term loans and for general corporate purposes. The exact terms and timing of the offering, which will be joint-managed by Deutsche Bank Securities Inc., Jefferies & Company, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities Inc., will depend upon market conditions and other factors. Solutia is making the offer, solely by means of a prospectus and prospectus supplement, under a shelf registration statement filed with the Securities and Exchange Commission, a copy of which may be obtained on the Securities and Exchange Commission“s website at http://www.sec.gov, or by contacting Deutsche Bank Securities Inc., 100 Plaza One, Second Floor, Jersey City, NJ 07311, telephone: 1-800-503-4611; Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022, telephone: 1-888-449-2342; Citigroup Global Markets Inc., 388 Greenwich Street, New York, NY 10013, telephone: 1-877-858-5407; or J.P. Morgan Securities Inc., 270 Park Avenue New York, NY 10017, telephone: 1-212-834-4533.