Georgia Gulf to Redeem $50M of Long-Term Debt

The Board of Directors of Georgia Gulf Corporation

today declared a quarterly dividend of 8 cents per share of common stock. The dividend is payable October 10, 2012, to shareholders of record at the close of business on September 28, 2012. The Board also authorized the redemption of $50 million of the Company's 9 percent senior secured notes due 2017 (“Notes”). The Notes will be redeemed on October 12, 2012, for $103 per $100 of face value with cash on hand. “We are pleased that our integrated chemicals and building products businesses continue to generate the free cash that allows us to redeem a portion of our long-term debt prior to its due date and pay a dividend,” said Paul Carrico, president and chief executive officer. “We expect to use future excess cash to increase our financial flexibility, pursue growth opportunities, and continue to return value to shareholders.”