2013-02-26 22:14:29 -
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
232820AE0).
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
26, 2013.
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 forward-
looking statements.
Corporate Profile
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.
Contact:
Dave Drillock
VP and CFO
(973) 357-3249
Jeff Fitzgerald
Treasurer
(973) 357-3480
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originality of the information contained therein.
Source: Cytec Industries Inc via Thomson Reuters ONE
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