Its 9 7/8 Percent Senior Discount Notes Due 2014
In connection with Koppers Holdings' previously announced early settlement election, Koppers Holdings paid the total consideration described below to holders of the Senior Discount Notes who tendered their notes prior to the Early Tender Time on November 25, 2009. Koppers Holdings expects to pay the tender offer consideration described below to holders of the Senior Discount Notes who tendered their notes after the Early Tender Time but on or prior to the Expiration Time on December 14, 2009.
All holders of the Senior Discount Notes who validly tendered their notes prior to the Early Tender Time received the total consideration of $1,049.38 per $1,000 principal amount of notes, which included an early tender premium of $49.38 per $1,000 principal amount of notes, plus accrued and unpaid interest up to, but not including, the applicable settlement date. Holders of the Senior Discount Notes who validly tendered their notes after the Early Tender Time, but on or prior to the Expiration Time, and which notes were accepted for purchase, will receive the tender offer consideration of $1,000 per $1,000 principal amount of notes, plus any accrued and unpaid interest up to, but not including, the applicable settlement date. Holders of the Senior Discount Notes tendered after the Early Tender Time will not receive the early tender premium.
This news release is neither an offer to purchase nor a solicitation of an offer to sell any notes. Persons with questions regarding the tender offer should contact the lead dealer manager -- Goldman, Sachs & Co. at (800) 828-3182 (toll free) -- or the Information Agent, Global Bondholder Services Corporation, at (866) 470-4300 (toll free).
About Koppers
Koppers, with corporate headquarters and a research center in Pittsburgh, Pennsylvania, is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, Australia, and China. The stock of Koppers Holdings Inc. is publicly traded on the New York Stock Exchange under the symbol "KOP." For more information, visit us on the Web: www.koppers.com. Questions concerning investor relations should be directed to Brian H. McCurrie at 412 227 2153 or Michael W. Snyder at 412 227 2131.
Safe Harbor Statement
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and may include, but are not limited to, statements about sales levels, restructuring, profitability and anticipated expenses and cash outflows. All forward-looking statements involve risks and uncertainties. All statements contained herein that are not clearly historical in nature are forward-looking, and words such as "believe," "anticipate," "expect," "estimate," "may," "will," "should," "continue," "plans," "intends," "likely," or other similar words or phrases are generally intended to identify forward-looking statements. Any forward-looking statement contained herein, in other press releases, written statements or documents filed with the Securities and Exchange Commission, or in Koppers communications with and discussions with investors and analysts in the normal course of business through meetings, phone calls and conference calls, regarding expectations with respect to sales, earnings, cash flows, operating efficiencies, product introduction or expansion, the benefits of acquisitions and divestitures or other matters as well as financings and repurchases of debt or equity securities, are subject to known and unknown risks, uncertainties and contingencies. Many of these risks, uncertainties and contingencies are beyond our control, and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. Factors that might affect such forward-looking statements, include, among other things, general economic and business conditions, demand for Koppers goods and services, competitive conditions, interest rate and foreign currency rate fluctuations, availability of key raw materials and unfavorable resolution of claims against us, as well as those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by Koppers, particularly our latest annual report on Form 10-K and quarterly report on Form 10-Q. Any forward-looking statements in this release speak only as of the date of this release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events.
For Information: Brian H. McCurrie Vice President, Chief Financial Officer 412 227 2153 Email Contact
SOURCE: Koppers Holdings Inc.
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