MEDINA, Ohio, March 9 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today, as required by the notice provisions of the
Indenture related to its Senior Convertible Notes Due 2033, that the Notes are
convertible during the company's fourth fiscal quarter.
As of the end of the company's third fiscal quarter, which ended February
28, 2007, the sale price of RPM's common stock exceeded the conversion trigger
price per share as set forth in the Notes for at least 20 trading days in a
period of 30 consecutive trading days ending on the last trading day of such
fiscal quarter. Based on this condition, the Indenture provides that the
Notes are convertible during the company's fourth fiscal quarter, which
commenced on March 1, 2007. The holders of the Notes wishing to exercise
their option to convert their Notes must follow the instructions and other
conditions set forth in the Notes and the Indenture. Such right to convert
based on the sale price of RPM's common stock may be extended, extinguished or
reinstated in subsequent fiscal quarters depending on the sale price of RPM's
common stock during the 30 consecutive trading days ending on the last trading
day of the preceding fiscal quarter.
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, illbruck, 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 P. Kelly Tompkins, executive vice president
and chief administrative officer, at 330-273-8883 or email@example.com.
SOURCE RPM International Inc.
CONTACT: P. Kelly Tompkins of RPM International Inc., executive vice
president and chief administrative officer, 1-330-273-8883, or
Web site: http://www.rpminc.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.
The percent by which RPM's 10-year total return has bested the S&P 500. More reasons >>
Get the latest news and financial information on why RPM is a good investment Download investor kit >>