Kraton Polymers LLC and Kraton Polymers Capital Corporation Commence Registered Exchange Offer for Their 6.75% Senior Notes Due
May 11 2011 - 4:02PM
PR Newswire (Canada)
HOUSTON, May 11, 2011 /CNW/ -- Kraton Polymers LLC and Kraton
Polymers Capital Corporation (together, the "Company"), two
subsidiaries of Kraton Performance Polymers, Inc. (NYSE: KRA), a
leading global producer of styrenic block copolymers, today
announced the commencement of an exchange offer for all of their
outstanding 6.75% Senior Notes due 2019 (the "Initial Notes"),
which are not registered under the Securities Act of 1933, as
amended (the "Act"), for an equal principal amount of their 6.75%
Senior Notes due 2019, which have been registered under the Act
(the "New Notes"). The exchange offer will commence on May 11, 2011
and expire at 5:00 p.m. New York City time, on June 9, 2011. The
New Notes are substantially identical to the Initial Notes, except
that the New Notes have been registered under the Act, and will not
bear any legend restricting their transfer. The Company will accept
for exchange any Initial Notes validly tendered and not withdrawn
prior to the expiration of the exchange offer at 5:00 p.m. (EDT) on
Thursday, June 9, 2011, unless the exchange offer is extended or
terminated. The terms of the exchange offer and other information
relating to the Company are set forth in a prospectus dated May 11,
2011. A written prospectus providing the terms of the exchange
offer may be obtained from Wells Fargo Bank, National Association,
which is serving as the exchange agent for the exchange offer.
Wells Fargo Bank, National Association can be contacted at: Wells
Fargo Bank, National Association Corporate Trust Operations MAC
N9303-121 Sixth & Marquette Avenue Minneapolis, MN 55479
Telephone: (817) 334-7065 Facsimile: (817) 885-8650 This press
release does not constitute an offer to purchase any securities or
the solicitation of an offer to sell any securities. The exchange
offer is being made only pursuant to the prospectus dated May 11,
2011 and the related letter of transmittal and only to such persons
and in such jurisdictions as is permitted under applicable law.
ABOUT KRATON Kraton Performance Polymers, Inc. (NYSE: KRA), through
its operating subsidiary Kraton Polymers LLC and its subsidiaries,
is a leading global producer of engineered polymers and one of the
world's largest producers of styrenic block copolymers ("SBCs"), a
family of products whose chemistry was pioneered by us almost fifty
years ago. SBCs are highly-engineered thermoplastic elastomers,
which enhance the performance of numerous products by delivering a
variety of attributes, including greater flexibility, resilience,
strength, durability and processability. Our polymers are used in a
wide range of applications, including adhesives, coatings, consumer
and personal care products, sealants and lubricants, and medical,
packaging, automotive, paving, roofing and footwear products. We
currently offer approximately 800 products to more than 700
customers in over 60 countries worldwide, and are the only SBC
producer with manufacturing and service capabilities on four
continents. We manufacture products at five plants globally,
including our flagship plant in Belpre, Ohio, as well as plants in
Germany, France and Brazil, and a joint venture plant operated in
Japan. Kraton, the Kraton logo and design, and the "Giving
Innovators their Edge" tagline are all trademarks of Kraton
Polymers LLC. Forward Looking Statements This press release
includes "forward-looking statements," which are statements other
than statements of historical fact and are often characterized by
the use of words such as "believes," "expects," "estimates,"
"projects," "may," "will," "intends," "plans" or "anticipates," or
by discussions of strategy, plans or intentions. All
forward-looking statements in this press release are made based on
management's current expectations and estimates, which involve
risks, uncertainties and other factors that could cause results to
differ materially from those expressed in forward-looking
statements. These risks and uncertainties are more fully described
in "Part I. Item 1A. Risk Factors" contained in our Annual Report
on 10-K, as filed with the Securities and Exchange Commission and
as subsequently updated in our Quarterly Reports on Form 10-Q. We
hereby make reference to all such filings for all purposes. Readers
are cautioned not to place undue reliance on forward-looking
statements. We assume no obligation to update such information.
(Logo: http://photos.prnewswire.com/prnh/20100728/DA42514LOGO) For
Further Information:Investors: H. Gene Shiels 281-504-4886Media:
Richard A. Ott 281-504-4720 Web Site: http://www.kraton.com
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