FONT-SIZE Plus   Neg

NewMarket Prices $350 Million Of Senior Notes

NewMarket Corp. (NEU) said Thursday that it has priced its private offering of $350 million aggregate principal amount of 4.10% senior notes due 2022, at an issue price of 99.83%.

The company expects the private offering to close on or about December 20.

NewMarket plans to use the net proceeds from the offering to repay a portion of its borrowings under its revolving credit facility.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Xbox Live users are aggravated about repeated outages that have prevented gamers from accessing online multiplayer features. Blaming higher egg prices and other rising costs, Dunkin's Donuts will close 100 stores, all of them Speedway gas station and convenience store locations. Micron Technology, Inc. said that its fourth quarter profit fell 59% from last year, as sales declined and gross margins deteriorated amid weak demand and pricing pressures due to continued softness in the personal computer market. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly sales.
comments powered by Disqus
Follow RTT