MEDINA, Ohio, May 13 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today that for the period of May 14, 2008 to November
13, 2008, its Convertible Notes due 2033 (Securities) will, subject to the
terms of the Securities, accrue contingent cash interest at a rate of no less
than 1.0% of the average market price of the Securities, as applicable, for
the five trading days ended May 9, 2008, in addition to the continued accrual
of the original issue discount. Contingent cash interest, which the Company
has determined to be approximately $3.12 per Note, will be payable to holders
of the Securities as of the record date, which is October 29, 2008. The
payment of contingent cash interest is expected to be made on November 13,
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, 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 firstname.lastname@example.org.
SOURCE RPM International Inc.
CONTACT: P. Kelly Tompkins Executive Vice President and Chief
Administrative Officer of RPM International Inc. +1-330-273-5090
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 >>