Dow Chemical Co Dow Announces Full Redemption of 7.60% Notes Due 2014
23 February 2013 - 1:55AM
UK Regulatory
TIDMDOW
The Dow Chemical Company (NYSE: DOW) today announced that a full
redemption in the principal amount of $750,000,000.00 of the
Company's outstanding 7.60% Notes due 2014 (the "Notes") issued
pursuant to an Indenture dated as of May 1, 2008 (the "Indenture")
between the Company and The Bank of New York Mellon Trust Company,
N.A., as trustee.
Pursuant to the terms of the Indenture, the Notes will be
redeemed in full on March 25, 2013 (the "Redemption Date") at a
redemption price equal to the greater of (1) 100% of the principal
amount thereof, and (2) the sum of the present values of the
remaining scheduled payments of principal and interest thereon (not
including any portion of such interest payments accrued as of the
Redemption Date), discounted to the Redemption Date on a semiannual
basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate (as defined in the Notes and determined on the
third business day prior to the Redemption Date) plus 50 basis
points, as set forth in the Notes, along with accrued and unpaid
interest up to, but not including, the Redemption Date. On the
Redemption Date and upon the Company's payment of the redemption
price, all rights of holders with respect to the Notes being
redeemed will terminate, except for the right to receive payment of
the applicable redemption price upon surrender of the Notes for
redemption.
Copies of the notice of redemption can be obtained from the Bank
of New York Mellon Trust Company by calling Bondholder Relations at
(800) 254-2826.
About Dow
Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The
Company connects chemistry and innovation with the principles of
sustainability to help address many of the world's most challenging
problems such as the need for clean water, renewable energy
generation and conservation, and increasing agricultural
productivity. Dow's diversified industry-leading portfolio of
specialty chemical, advanced materials, agrosciences and plastics
businesses delivers a broad range of technology-based products and
solutions to customers in approximately 160 countries and in high
growth sectors such as electronics, water, energy, coatings and
agriculture. In 2012, Dow had annual sales of approximately $57
billion and employed approximately 54,000 people worldwide. The
Company's more than 5,000 products are manufactured at 188 sites in
36 countries across the globe. References to "Dow" or the "Company"
mean The Dow Chemical Company and its consolidated subsidiaries
unless otherwise expressly noted. More information about Dow can be
found at www.dow.com.
For editorial information:
The Dow Chemical Company
Rebecca Bentley, +1 (989) 638-8568
rmbentley@dow.com
®TM Trademark of The Dow Chemical Company ("Dow") or an
affiliated company of Dow
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