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Cytec Industries Announces Expiration, Final Results of Tender Offers

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Cytec Industries Inc. ("Cytec" or the "Company") (NYSE: CYT) today announced the expiration and final results of its offers (the "Tender Offers") to purchase for cash up to $200,000,000 aggregate principal amount of its notes, including up to $125,000,000 of its 6.0% Notes due October 1, 2015 (the "2015 Notes") and an uncapped amount of its 8.95% Notes due July 1, 2017 (the "2017 Notes", together with the 2015 Notes, the "Securities").

The following table sets forth information regarding the Securities that were subject to the Tender Offers and the results of the Tender Offers, including the aggregate principal amounts of Securities validly tendered and not validly withdrawn at or prior to 11:59 p.m., New York City time, on March 25, 2013 (the "Expiration Date").

Title of Securities CUSIP Numbers Acceptance Priority Level Aggregate Principal Amount Outstanding Maximum Principal Amount to Be Accepted Aggregate Principal Amount Tendered as of the Early Tender Date Aggregate Principal Amount Tendered as of the Expiration Date Principal Amount Accepted 6.0% Notes due 2015 232820AG5 1 $249,560,000 $125,000,000 $107,751,000 $107,801,000 $107,801,000 8.95% Notes due 2017 232820AH3 2 $249,400,000 N/A $85,108,000 $85,114,000 $85,114,000

As of the Expiration Date, the aggregate principal amount of 2015 Notes tendered was $107,801,000, of which $107,751,000 were tendered prior to 5:00 p.m., New York City time, on March 11, 2013 (the "Early Tender Date") and the aggregate principal amount of 2017 Notes tendered was $85,114,000, of which $85,108,000 were tendered prior to the Early Tender Date. The holders of Securities tendered after the Early Tender Date will not receive an early tender premium.

Cytec announced that it has accepted for payment $107,801,000 aggregate principal amount of 2015 Notes that had been validly tendered and not validly withdrawn prior to the Expiration Date and $85,114,000 aggregate principal amount of 2017 Notes that had been validly tendered and not validly withdrawn prior to the Expiration Date. Cytec expects to make payment on all Securities accepted for payment today.

Posted-In: News Offerings

 

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