MEDINA, Ohio, Sep 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- RPM International Inc.
(NYSE: RPM) announced today the pricing of $200 million of 4.45 percent Senior
Unsecured Notes due 2009. 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.
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The Notes were offered to qualified institutional buyers under Rule 144A
of the Securities Act of 1933. The Notes 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
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 email@example.com.
SOURCE RPM International Inc.
Glenn R. Hasman, Vice President of Finance and Communications
of RPM International Inc., +1-330-273-8820, or firstname.lastname@example.org
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