MEDINA, Ohio, Feb. 14 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) today announced that it agreed to sell $250,000,000 aggregate
principal amount of its 6.50% Notes due 2018 (the "Notes") pursuant to the
provisions of an Underwriting Agreement dated February 14, 2008, among RPM and
Banc of America Securities LLC, Wachovia Capital Markets, LLC, and Goldman,
Sachs & Co., as Representatives of the Underwriters. The sale of the Notes is
expected to close on February 20, 2008.
RPM intends to use the net proceeds from the offering of the Notes to
repay, redeem or refinance $100 million in principal amount of RPM's unsecured
senior notes due March 1, 2008, $125 million in principal amount outstanding
under RPM's accounts receivable securitization program, and $19 million in
principal amount of short-term borrowings outstanding under RPM's revolving
The offering of the Notes was registered under the Securities Act of 1933,
as amended (the "Securities Act"), and is being made pursuant to RPM's
Registration Statement on Form S-3 filed by RPM with the Securities and
Exchange Commission on February 14, 2008.
The Notes will be offered pursuant to an effective registration statement
filed with the Securities and Exchange Commission. This press release shall
not constitute an offer to sell, nor the solicitation of an offer to buy, any
of the securities, nor shall there be any sale of these securities, in any
jurisdiction in which such offer, solicitation or sale would is not permitted.
A prospectus relating to the offering may be obtained from any of the
following: Banc of America Securities LLC at 1-800-294-1322 or
firstname.lastname@example.org; Wachovia Capital Markets, LLC
at 1-800-326-5897; and Goldman, Sachs & Co., Prospectus Department, 85 Broad
Street, New York, New York 10004, fax: 212-902-9316 or email at
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 and Testors.
For more information, contact P. Kelly Tompkins, Executive Vice President
and Chief Administrative Officer, at 330-273-5090 or email@example.com.
This press release contains "forward-looking statements" relating to the
business of the company. These forward-looking statements, or other statements
made by the company, are made based on management's expectations and beliefs
concerning future events impacting the company and are subject to
uncertainties and factors (including those specified below) which are
difficult to predict and, in many instances, are beyond the control of the
company. As a result, actual results of the company could differ materially
from those expressed in or implied by any such forward-looking statements.
These uncertainties and factors include (a) general economic conditions; (b)
the prices and availability of raw materials, including assorted resins and
solvents; packaging, including plastic containers; and transportation
services, including fuel surcharges; (c) continued growth in demand for our
products; (d) legal, environmental and litigation risks inherent in our
construction and chemicals businesses and risks related to the adequacy of our
insurance coverage for such matters; (e) the effect of changes in interest
rates; (f) the effect of fluctuations in currency exchange rates upon our
foreign operations; (g) the effect of non-currency risks of investing in and
conducting operations in foreign countries, including those relating to
domestic and international political, social, economic and regulatory factors;
(h) risks and uncertainties associated with our ongoing acquisition and
divestiture activities; (i) risks related to the adequacy of our contingent
liabilities, including for existing and future asbestos-related claims; and
(j) other risks detailed in our filings with the Securities and Exchange
Commission, including the risk factors set forth in our Annual Report on Form
10-K for the year ended May 31, 2007, as the same may be updated from time to
time. RPM does not undertake any obligation to publicly update or revise any
forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release.
SOURCE RPM International Inc.
CONTACT: P. Kelly Tompkins, Executive Vice President and Chief
Administrative Officer, 1-330-273-5090, firstname.lastname@example.org
/Web site: http://www.rpminc.com