Axiall Corporation Announces Issuance of Notice of Redemption for Any and All of its 9% Senior Secur

Before you go, we thought you'd like these...
Before you go close icon

Axiall Corporation Announces Issuance of Notice of Redemption for Any and All of its 9% Senior Secured Notes due 2017

ATLANTA--(BUSINESS WIRE)-- Axiall Corporation (NYS: AXLL) , formerly known as Georgia Gulf Corporation (the "Company"),today announced that it has issued a notice of redemption for any and all of its 9% Senior Secured Notes due 2017 (CUSIP Nos. 373200AV6 and U37332AG5) (the "Notes") that remain outstanding after the completion of the Company's previously announced offer to purchase relating to the Notes, which is currently set to expire at 9:00 a.m., New York City time, on February 15, 2013. The redemption date is March 4, 2013, and the redemption price is 100% of the principal amount of the Notes redeemed plus a make-whole premium equal to the Applicable Premium (as defined in the indenture governing the Notes) as of, and accrued and unpaid interest to, the redemption date. As of February 1, 2013, approximately $5.46 million aggregate principal amount of Notes remain outstanding. The Company intends to use cash on hand or available borrowings to fund the redemption.


About Axiall

Axiall Corporation is a leading integrated chemicals and building products company. It is an international manufacturer of chlor-alkali and derivatives, chlorovinyls and aromatics products including chlorine, caustic soda, vinyl chloride monomer, chlorinated solvents, calcium hypochlorite, ethylene dichloride, muriatic acid, phosgene derivatives, polyvinyl chloride, vinyl compounds, acetone, cumene and phenol. It also manufactures vinyl-based building and home improvement products that are marketed under the Royal Building Products and Exterior Portfolio brands, including window and door profiles, siding, mouldings, pipe and pipe fittings, and decking. Axiall, headquartered in Atlanta, Georgia, has manufacturing facilities located throughout North America and in Asia to provide industry-leading materials and services to customers. For more information, visit www.axiall.com.



Axiall Corporation
Investor Relations
Martin Jarosick, 770-395-4524
or
Media
Alan Chapple, 770-395-4538

KEYWORDS:   United States  North America  Georgia

INDUSTRY KEYWORDS:

The article Axiall Corporation Announces Issuance of Notice of Redemption for Any and All of its 9% Senior Secured Notes due 2017 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners