Oxea announces €500 million equivalent Senior Secured Notes

Luxembourg, 29 June 2010 – Oxea, the leading manufacturer of Oxo chemicals in the Oxo merchant market, today announced an offering of €500 million equivalent Senior Secured Notes due 2017 (the “Offering”). Use of proceeds from the Offering will include amongst others a refinancing of Oxea’s existing debt. With this Offering, Oxea will aim to optimize its capital structure and extend its debt maturity profile. The bond will be offered to institutional investors both in Europe and the US.

Oxea is a global manufacturer of Oxo intermediates and derivatives such as alcohols, polyols, carboxylic acids, specialty esters and amines. These products are sold in the merchant market (where sales are to third party customers) and used for the production of high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavorings and fragrances, printing inks and plastics. In the 12 months ending May 2010, Oxea generated revenue of about €1.1 billion with its approximately 1,380 employees in Europe, the Americas and Asia.

Disclaimer:
This announcement is not an offer of securities for sale in the United States. Securities may not be sold in the United States unless they are registered or are exempt from registration. The Company does not intend to register any portion of this Offering in the United States or to conduct a public offering in the United States. Any public offering of securities to be made in the United States will be made by means of a prospectus that will contain detailed information about the Company and its management, as well as financial statements.

It may be unlawful to distribute these materials in certain jurisdictions. These materials are not for distribution in Canada, Japan or Australia. The information in these materials does not constitute an offer of securities for sale in Canada, Japan or Australia.

This document is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

This document has been prepared on the basis that any offer of Notes in any Member State of the European Economic Area (“EEA”) which has implemented the Prospectus Directive (2003/71/EC) (each, a “Relevant Member State”) will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of Notes. Accordingly any person making or intending to make any offer in that Relevant Member State of Notes which are the subject of the placement contemplated in this announcement may only do so in circumstances in which no obligation arises for OXEA S.à r.l. to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. OXEA S.à r.l has not authorised, nor does it authorise, the making of any offer of Notes in circumstances in which an obligation arises for OXEA S.à r.l. to publish or supplement a prospectus for such offer.

Press contact:
Neil Robertson
Managing Director (Finance, IT)
neil.robertson@oxea-chemicals.com

Birgit Reichel
Global Communications
birgit.reichel@oxea-chemicals.com

Oxea GmbH
Otto-Roelen-Strasse 3
D-46147 Oberhausen
www.oxea-chemicals.com

This release was published on openPR.