Nova Chemicals to Offer $500 Million of Senior NotesNova Chemicals to Offer $500 Million of Senior Notes
October 6, 2009
Nova Chemicals Corp. has announced that it intends to offer $500 million of senior notes due 2016 and 2019 in a private offering. The company plans to use the net proceeds of the offering to repay outstanding debt and the balance of the proceeds, if any, will be used for general corporate purposes.
The senior notes will be issued in reliance on the exemption from the registration requirements provided by Rule 144A and Regulation S of the United States Securities Act of 1933, as amended (the "Securities Act"). None of the senior notes have been registered under the Securities Act and may not be offered or sold in the U.S. absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any security, nor will there be any sale of any security in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Nova Chemicals develops and manufactures chemicals, plastic resins, and end-products that make everyday life safer, healthier, and easier. It is a wholly owned subsidiary of The International Petroleum Investment Co. (IPIC) of the Emirate of Abu Dhabi.
For more information, visit www.novachemicals.com.
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