NewMarket Corporation Announces Redemption of Senior Notes Due 2016 - NewMarket (NYSE:NEU)

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NewMarket Corporation (NYSE: NEU) announced today that it has redeemed all outstanding 7.125% Senior Notes due 2016, representing an aggregate principal amount of $150 million. The Senior Notes are governed by an indenture, dated as of December 12, 2006, as amended and supplemented, among the Company, certain subsidiary guarantors and Wells Fargo Bank, N.A., as Trustee. Pursuant to the indenture, the redemption price of the Senior Notes was 103.563% per $1,000 of principal amount of the Senior Notes, plus accrued and unpaid interest on the Senior Notes, to April 16, 2012. Such redemption price has been deposited with the Trustee pursuant to the indenture.

27% profit every 20 days?

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