Sterling Chemicals Announces Commencement of Exchange Offer for Senior Secured Notes Due 2015
August 13 2008 - 6:14PM
PR Newswire (US)
HOUSTON, Aug. 13 /PRNewswire-FirstCall/ -- STERLING CHEMICALS, INC.
(OTC:SCHI) (BULLETIN BOARD: SCHI) announced today that it has
commenced an exchange offer of $150 million aggregate principal
amount of its 101/4% Senior Secured Notes due 2015 registered under
the Securities Act of 1933, as amended, for all $150 million
aggregate principal amount of its outstanding 101/4% Senior Secured
Notes due 2015. The exchange offer will expire at 5:00 p.m. (New
York City time) on September 12, 2008, unless extended. This
announcement is for informational purposes only and is not an offer
to purchase or a solicitation of an offer to purchase any
securities. The exchange offer is being made solely by Sterling's
prospectus, dated August 13, 2008, with respect to the exchange
offer and the related letter of transmittal. Copies of the
prospectus and letter of transmittal may be obtained from U.S. Bank
National Association, the exchange agent for the exchange offer,
U.S. Bank National Association, Westside Operations Center, 60
Livingston Avenue, St. Paul, MN 55107, Attention: Specialized
Finance, (800) 934-6802. Sterling Chemicals, Inc. is a leading
North American producer of selected petrochemicals used to
manufacture a wide array of consumer goods and industrial products
throughout the world. Its primary products are acetic acid and
plasticizers. This press release contains certain forward-looking
statements which involve known and unknown risks, uncertainties or
other factors not under Sterling's control which may cause the
actual results, performance or achievement of Sterling to be
materially different from the results, performance or other
expectations implied by these forward-looking statements. These
factors include, but are not limited to, those disclosed in
Sterling's filings with the Securities and Exchange Commission.
DATASOURCE: Sterling Chemicals, Inc. CONTACT: John R. Beaver,
+1-713-654-9548, for Sterling Chemicals, Inc. Web site:
http://www.sterlingchemicals.com/
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