Solutia Announces Offering Of Senior Notes

Date: 7 October 2009
Source: Solutia
ST. LOUIS, Oct. 5 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE: SOA) today announced that it will commence a public offering of $300 million aggregate principal amount of senior notes due 2017 to be guaranteed by certain of its domestic subsidiaries.

Solutia intends to use the net proceeds from the offering to prepay $200 million aggregate principal amount of its senior secured term loans and for general corporate purposes.
The exact terms and timing of the offering will depend upon market conditions and other factors.
Deutsche Bank Securities Inc., Jefferies & Company, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are acting as joint book-running managers of the offering.
Solutia is making the offer under a shelf registration statement filed with the Securities and Exchange Commission. This offering will be made solely by means of a prospectus and prospectus supplement, a copy of which may be obtained on the Securities and Exchange Commission's website at . Alternatively, copies of the prospectus and the prospectus supplement can be obtained by contacting Deutsche Bank Securities Inc., 100 Plaza One, Second Floor, Jersey City, NJ 07311, telephone: 1-800-503-4611; Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022, telephone: 1-888-449-2342; Citigroup Global Markets Inc., 388 Greenwich Street, New York, NY 10013, telephone: 1-877-858-5407; or J.P. Morgan Securities Inc., 270 Park Avenue New York, NY 10017, telephone: 1-212-834-4533.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

600450 Solutia Announces Offering Of Senior Notes

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