Rockwood to raise new tranche of term loan A under its existing senior credit facility to redeem all its outstanding senior subordinated notes, consisting of €250.1M of 7.625% notes, US$200M of 7.5% notes, both due on Nov. 15, 2014

Alison Gallant

Alison Gallant

Jan 27, 2012 – Business Wire

PRINCETON, New Jersey , January 27, 2012 (press release) –
Rockwood Holdings, Inc. (NYSE: ROC) today announced that its subsidiary, Rockwood Specialties Group, Inc., plans to use cash on hand and raise a new tranche of term loan A under its existing senior credit facility to redeem all of its outstanding senior subordinated notes, consisting of € 250.1 million in aggregate principal amount of 7.625% euro-denominated notes and $200 million in aggregate principal amount of 7.5% dollar-denominated notes. The notes are due on November 15, 2014. The new term loan is expected to be in the amount of $350.0 million and have a maturity of five years.

“This new term loan and the repayment of all outstanding notes are consistent with our stated objective of reducing our debt levels and annual interest expense.”

Commenting on the action, Seifi Ghasemi, Rockwood chairman and chief executive officer, said, “This new term loan and the repayment of all outstanding notes are consistent with our stated objective of reducing our debt levels and annual interest expense.”

Rockwood Holdings, Inc. is a leading global inorganic specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 9,600 people and annual net sales of approximately $3.5 billion. The company focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.

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