NEU - NewMarket redeems senior notes due 2022
NewMarket (NYSE:NEU) plans to redeem the entire outstanding principal amount of its 4.10% senior notes due 2022; principal amount of the 2022 Notes outstanding is $350M. The redemption date for the 2022 Notes is Mar.15. The redemption price for the 2022 notes will consist of 100% of the principal amount of the notes outstanding plus applicable premium and accrued and unpaid interest on the 2022 notes. NewMarket plans to use the cash on hand derived from the issuance of the 2031 notes to fund the redemption of the 2022 notes.
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NewMarket redeems senior notes due 2022