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Article: RPM International Inc. Announces $300 Million Note Offering.
- Article from:
- PR Newswire
- Article date:
- October 6, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEDINA, Ohio, Oct. 6 /PRNewswire-FirstCall/ -- RPM International Inc. announced today that it agreed to sell $300 million aggregate principal amount of its 6.125% Notes due October 15, 2019 (the "Notes") pursuant to the provisions of an Underwriting Agreement dated October 6, 2009 among RPM and Banc of America Securities LLC and Wells Fargo Securities, LLC as Representatives of the Underwriters. The Company will pay interest on the Notes semi-annually on April 15th and October 15th of each year, beginning on April 15, 2010. The sale of the Notes is expected to close October 9, 2009.
The expected net proceeds will be approximately $300 million before deducting ...