Cytec Industries Inc : Cytec Announces Redemption Of 4.60% Notes Due 2013
Woodland Park, New Jersey, Feb. 26, 2013 -- Cytec Industries Inc. ("Cytec" or
the "Company") (NYSE: CYT) today announced that it is calling its 4.60% Notes
due July 1, 2013 (the "Notes") for redemption on March 27, 2013 (CUSIP
The Notes will be redeemed in cash at the "Redemption Price" as defined in the
applicable indenture plus accrued and unpaid interest up to, but excluding,
the redemption date. As of the close of business on February 25, 2013, there
were $135,238,000 of Notes outstanding.
From the redemption date forward, the Notes will no longer be deemed
outstanding, interest will no longer accrue and holders will have no rights
other than the right to receive the Redemption Price, without interest, upon
surrender of the Notes. Payment of the redemption price will be made only upon
presentation and surrender of the Notes to The Bank of New York Mellon, the
trustee and paying agent, during its business hours at the address specified
in the Notice of Redemption.
The Notice of Redemption was distributed to holders of the Notes on February
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein,
statements contained in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Achieving the results described in these statements involves a number
of risks, uncertainties and other factors that could cause actual results to
differ materially, as discussed in Cytec's filings with the Securities and
Exchange Commission. Cytec disclaims any obligation to update or revise any
Cytec's vision is to deliver specialty material and chemical technologies
beyond our customers' imagination. Our focus on innovation, advanced
technology and application expertise enables us to develop, manufacture and
sell products that change the way our customers do business. Our pioneering
products perform specific and important functions for our customers, enabling
them to offer innovative solutions to the industries that they serve. Our
products serve a diverse range of end markets including aerospace and
industrial materials, mining and plastics.
VP and CFO
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Cytec Industries Inc via Thomson Reuters ONE
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