May 29, 2017 12:56 AM ET

Chemicals

Company Overview of Rockwood Specialties Group Inc.

Company Overview

Rockwood Specialties Group, Inc., together with its subsidiaries, develops, manufactures, and markets specialty chemicals and materials for industrial and commercial purposes. The company’s Specialty Chemicals segment develops and manufactures metal surface treatment products and services for the automotive, aerospace, and general industrial markets; lithium compounds and chemicals, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties and reagents; synthetic metal sulfides used in brake pads, clutch facings, and cutting and grinding wheels; cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyr...

7101 Muirkirk Road

Beltsville, MD 20705

United States

Founded in 2000

Phone:

301-470-3366

Key Executives for Rockwood Specialties Group Inc.

Chairman, CEO, Chairman of Rockwood Holdings Inc and CEO of Rockwood Holdings Inc
Age: 72
President and Chief Operating Officer
President of Color Pigments and Services
Age: 71
President of Timber Treatment Chemicals
Age: 69
Senior VP of Law & Admin, Director and Senior VP of Law & Admin of Rockwood Holdings
Age: 66
Compensation as of Fiscal Year 2016.

Rockwood Specialties Group Inc. Key Developments

Rockwood Specialties Group Inc. Announces Redemption of All Outstanding 4.625% Senior Notes Due 2020

Albemarle Corporation announced that Rockwood Specialties Group Inc. intends to redeem $1.25 billion of the 4.625% Senior Notes due 2020 (CUSIP No. 774477AJ2) issued by RSGI, representing all of the outstanding Notes. The Notes will be redeemed at a redemption price currently estimated to be 103.469% of the principal amount of the Notes, plus accrued and unpaid interest to the redemption date, which is expected to be on October 15, 2015. The Notes will be repaid with the proceeds of a new term loan credit facility. The Notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured and unsubordinated basis by Albemarle Corporation and Rockwood Holdings Inc. The guarantees of the Notes and guarantees on other notes issued by Albemarle in 2014 will be released when the Notes are repaid. RSGI has instructed Wells Fargo Bank, National Association, as the trustee for the Notes, to distribute a Notice of Redemption to all registered holders of the Notes on September 15, 2015. The Notes will be repaid with the proceeds of a new term loan credit facility, comprised of a 364-day term loan facility in an aggregate principal amount of $300 million and a five-year term loan facility in an aggregate amount of $950 million. The interest rates on the 364-Day Facility and the Five-Year Facility will be LIBOR plus 1.000% to 1.875% depending upon Albemarle's public long-term, unsecured, senior, non-credit enhanced debt ratings. The initial interest rate on both facilities is expected to be LIBOR plus 1.375%.

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