Arizona Chemical Ltd., a supplier of pine-based chemicals, announced its plan to go public through an initial public offering of up to $125 million of its common stock.
The Jacksonville, Florida-based company refines and further upgrades two primary feedstocks, crude tall oil and crude sulfate turpentine, both of which are wood pulping co-products, into specialty chemicals.
Arizona Chemical reinvigorated its business following its acquisition from International Paper Co. (IP) by Rhône Capital in February 2007. Arizona Chemical was incorporated as a Bermuda limited company on February 12, 2010.
Arizona Chemical intends to apply to list the common shares on the New York Stock Exchange under the symbol "ARZ"
According to the filing, the company intends to use this offering proceeds to repay borrowings under First Lien Credit Agreement and to pay transaction-related expenses and remaining proceeds for general corporate purposes.
The company's total indebtedness outstanding was $338.9 million as of December 31, 2009, including $334 million of borrowings outstanding under credit agreements.
For the year ended December, 31, 2009, the company posted net income of $12.09 million and net sales of $767.46 million.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.