MEDINA, Ohio, Sept. 27 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today its intention to commence a private offering of up
to $200 million of Senior Unsecured Notes. The offering is being made only to
qualified institutional buyers in accordance with Rule 144A under the
Securities Act of 1933. The net proceeds of the offering of the Senior Notes
will be used to refinance existing indebtedness. The Company plans to use a
portion of the net proceeds to refinance portions of its current outstanding
floating rate indebtedness and currently anticipates that it will hold the
remainder of such net proceeds as cash or short-term investments until such
time as it can use such remainder to pay some or all of its indebtedness under
its $15.0 million 6.12 percent Senior Notes due 2004, which mature on
November 15, 2004, and its $150.0 million 7.0 percent Senior Notes due 2005,
which mature on June 15, 2005.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010126/RPMLOGO )
The securities to be offered have not been registered under the Securities
Act of 1933 or any state securities laws, and unless so registered may not be
offered or sold in the United States, except pursuant to an exemption from, or
in a transaction subject to, the registration requirements of the Securities
Act of 1933 and applicable state securities laws. This press release does not
constitute an offer to sell, or the solicitation of an offer to buy, nor shall
there be any sale of the Senior Notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
RPM International Inc., a holding company, owns subsidiaries that are
world leaders in specialty coatings and sealants serving both industrial and
consumer markets. RPM's industrial products include roofing systems, sealants,
corrosion control coatings, flooring coatings and specialty chemicals.
Industrial brands include Stonhard, Tremco, Carboline, Day-Glo, Euco and
Dryvit. RPM's consumer products are used by professionals and do-it-
yourselfers for home maintenance and improvement, automotive and boat repair
and maintenance, and by hobbyists. Consumer brands include Zinsser,
Rust-Oleum, DAP, Varathane, Bondo and Testors.
For more information, contact Glenn R. Hasman, Vice President of Finance
and Communications, at 330-273-8820 or firstname.lastname@example.org .
SOURCE RPM International Inc.
CONTACT: Glenn R. Hasman, Vice President of Finance and Communications,
of RPM International Inc., +1-330-273-8820, or email@example.com
RPM International Inc. (NYSE: RPM) owns subsidiaries that are world leaders in coatings, sealants, building materials and related services. From homes to precious landmarks worldwide, their brands are trusted by consumers and professionals alike to protect, improve and beautify. Among its leading consumer brands are Rust-Oleum, DAP and Zinsser. Learn more about RPM brands >>
RPM is a compelling long-term investment.
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