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NOVA Chemicals Corporation, 1000 Seventh Avenue S.W., Calgary, Alberta, Canada T2P 5L5
www.novachemicals.com | 403.750.3600 tel | 403.269.7410 fax
NOVA Chemicals Corporation (“NOVA Chemicals”) today announced that Senior Vice President, Operations and Innovation, Arnel Santos will depart the company, effective May 21. John Thayer will assume the role of interim Senior Vice President Operations, in addition to his role as Senior Vice President, Sales and Marketing. A permanent Senior Vice President Operations will be named at a later date.
Luis Sierra, Chief Executive Officer NOVA Chemicals, said, “On behalf of the executive team, we thank Arnel for his service and appreciate his many contributions throughout his tenure at NOVA Chemicals and wish him well in the future.”
NOVA Chemicals Corporation Announces Pricing of Private Offering of $575 Million of Senior Notes
www.novachemicals.com | 403.750.3600 tel | 403.269.7410 fax
NOVA Chemicals Corporation (the Company ) announced yesterday the pricing of a private offering of $575 million of senior notes, structured as 8-year non-call 3, due 2029 (the 2029 notes ). The 2029 notes will have an interest rate of 4.250% per annum and are being issued at a price of 100% of their face value. Alongside the 2029 notes offering, the Company announced a tender offer and consent solicitation for its $500 million, 5.250% senior notes due 2023 (the 2023 notes ). The Company plans to use the net proceeds of the 2029 notes offering to redeem the 2023 notes, for general corporate purposes, including prepaying other indebtedness, and to pay fees and expenses related to the offering. The closing of the offering of the 2029 notes is expected to occur on May 11, 2021, subject to customary closing conditions.
NOVA Chemicals Corporation Announces Pricing of Private Offering of $575 Million of Senior Notes
Calgary, Alberta, Canada, April 28, 2021 (GLOBE NEWSWIRE) NOVA Chemicals Corporation, 1000 Seventh Avenue S.W., Calgary, Alberta, Canada T2P 5L5
www.novachemicals.com | 403.750.3600 tel | 403.269.7410 fax
NOVA Chemicals Corporation (the “Company”) announced yesterday the pricing of a private offering of $575 million of senior notes, structured as 8-year non-call 3, due 2029 (the “2029 notes”). The 2029 notes will have an interest rate of 4.250% per annum and are being issued at a price of 100% of their face value. Alongside the 2029 notes offering, the Company announced a tender offer and consent solicitation for its $500 million, 5.250% senior notes due 2023 (the “2023 notes”). The Company plans to use the net proceeds of the 2029 notes offering to redeem the 2023 notes, for general corporate purposes, including prepaying other indebtedness, and to pay fees and expen
NOVA Chemicals Corporation Announces Cash Tender Offer And Consent Solicitation For Its Notes Due 2023
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CALGARY, AB, April 27, 2021 /PRNewswire/ NOVA Chemicals Corporation ( NOVA Chemicals ) announced today that it has commenced a cash tender offer (the Tender Offer ) for any and all of the outstanding $500.0 million aggregate principal amount of its 5.25% Senior Notes due 2023 (the Notes ).
In conjunction with the Tender Offer, NOVA Chemicals is also soliciting consents (the Consent Solicitation ) from the holders of the Notes for the adoption of proposed amendments (the Proposed Amendments ) to the indenture governing the Notes (the Indenture ) to (i) eliminate substantially all of the restrictive covenants and certain events of default and related provisions contained in the indenture governing the Notes and (ii) reduce the minimum required notice period for the redemption of the Notes from 30 days to three busin