July 24, 2016 6:30 PM ET

Chemicals

Company Overview of Kraton Polymers LLC

Company Overview

Kraton Polymers LLC, through its subsidiaries, manufactures and sells styrenic block copolymers (SBCs) worldwide. It manufactures various commercial grades of SBCs, which are engineered synthetic elastomers based upon polymer chemistry and process technologies, including unhydrogenated SBCs; hydrogenated SBCs; isoprene rubber, a non-SBC product for the production of medical products, adhesives, tackifiers, paints, coatings, and photo-resistors; isoprene rubber latex, a substitute for natural rubber latex; and compounds that are used primarily in soft-touch grips, sporting equipment, automotive components, and personal care products. The company’s products are used in advanced materials, adhe...

15710 John F. Kennedy Boulevard

Suite 300

Houston, TX 77032

United States

Founded in 2000

817 Employees

Phone:

281-504-4700

Fax:

281-504-4717

Key Executives for Kraton Polymers LLC

Director of Sales and Customer Relations
Americas Business Director
Chief Accounting Officer and Controller
Vice President of Asia Pacific
Compensation as of Fiscal Year 2016.

Kraton Polymers LLC Key Developments

Kraton Polymers Reports Expiration and Final Results for the Previously Announced Tender Offer and Consent Solicitation for 6.75% Senior Notes Due 2019

Kraton Polymers reported the expiration and final tender results as of 11:59 p.m. New York City time on January 5, 2016 for its previously announced cash tender offer and consent solicitation with respect to the Company's outstanding 6.75% Senior Notes due 2019 that were co-issued by Kraton Polymers Capital pursuant to its Offer to Purchase and Consent Solicitation Statement dated December 1. According to a company release, as of the Expiration Date, $249,394,000 in aggregate principal amount, or approximately 71.26%, of the Notes outstanding had been validly tendered and not validly withdrawn. Following the Expiration Date, the deadline for tendering Notes pursuant to the Offer to Purchase has now passed. The Company intends to accept the Tendered Notes for purchase following the consummation of its previously announced acquisition of Arizona Chemical Holdings including the debt financing in connection therewith, which is expected to occur on January 6, 2016.

Kraton Polymers LLC Announces Extension of and Certain Amendments to Tender Offer and Consent Solicitation for the 6.75% Senior Notes Due 2019

Kraton Polymers LLC announced that it has amended its previously announced cash tender offer and consent solicitation with respect to its outstanding 6.75% Senior Notes due 2019 that were co-issued by Kraton Polymers Capital Corporation as described in its Offer to Purchase and Consent Solicitation Statement dated December 1, 2015 as follows: extended the expiration date until 11:59 p.m., New York City time, on January 5, 2016; extended the consent payment deadline and the withdrawal deadline for the Tender Offer until 11:59 p.m., New York City time, on January 5, 2016; and changed the amount of the Consent Fee to $27.00 per $1,000 principal amount of Notes tendered, resulting in a change in the amount of the total consideration to $1,025.50 per $1,000 principal amount of notes tendered.

Kraton Polymers LLC and Kraton Polymers Capital Corporation Announce Cash Tender Offer and Consent Solicitation

Kraton Polymers LLC announced the early tender results as of 5:00 p.m. New York City time on December 14, 2015 for its previously announced cash tender offer and consent solicitation with respect to the company's outstanding 6.75% Senior Notes due 2019 that were co-issued by Kraton Polymers Capital Corporation pursuant to its Offer to Purchase and Consent Solicitation Statement dated December 1, 2015. As a result of receiving tenders and related consents from holders representing a majority in principal amount outstanding of the Notes, the company, Kraton Polymers Capital Corporation, the trustee for the indenture governing the Notes and certain guarantors party to the Indenture executed a supplemental indenture on December 14, 2015. The Supplemental Indenture gives effect to the proposed amendments described in the Offer to Purchase and amends the Indenture to, among other things, eliminate or modify substantially all of the restrictive covenants, certain events of default and related provisions in the Indenture. The changes made by the Supplemental Indenture will not become operative unless and until the company purchases all Notes tendered on or before the Consent Payment Deadline. The company's obligation to purchase Notes remains subject to the satisfaction or waiver of certain conditions, including the Financing Condition and the Acquisition Condition, each as specified in the Offer to Purchase. Once operative, the Supplemental Indenture will be binding on all holders of Notes, even those whose Notes were not validly tendered on or before the Consent Payment Deadline and accepted for purchase, as described in the Offer to Purchase.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 28, 2015
Arizona Chemical Company, LLC
 

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