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Dave Drillock
VP and CFO
(973) 357-3249
Jeff Fitzgerald
Treasurer
(973) 357-3480
Cytec Announces Redemption Of 4.60%
Notes Due 2013
Woodland Park, New Jersey, Feb. 26, 2013 -- Cytec Industries
Inc. (“Cytec” or the “Company”) (NYSE: CYT) today announced that
it is calling its 4.60% Notes due July 1, 2013 (the “Notes”) for
redemption on March 27, 2013 (CUSIP 232820AE0).
The Notes will be redeemed in cash at the “Redemption Price” as
defined in the applicable indenture plus accrued and unpaid
interest up to, but excluding, the redemption date. As of the
close of business on February 25, 2013, there were $135,238,000
of Notes outstanding.
From the redemption date forward, the Notes will no longer be
deemed outstanding, interest will no longer accrue and holders
will have no rights other than the right to receive the
Redemption Price, without interest, upon surrender of the Notes.
Payment of the redemption price will be made only upon
presentation and surrender of the Notes to The Bank of New York
Mellon, the trustee and paying agent, during its business hours
at the address specified in the Notice of Redemption.
The Notice of Redemption was distributed to holders of the Notes
on February 26, 2013.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained
herein, statements contained in this release may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Achieving the results
described in these statements involves a number of risks,
uncertainties and other factors that could cause actual results
to differ materially, as discussed in Cytec’s filings with the
Securities and Exchange Commission. Cytec disclaims any
obligation to update or revise any forward-looking statements.
Corporate Profile
Cytec’s vision is to deliver specialty material and chemical
technologies beyond our customers’ imagination. Our focus on
innovation, advanced technology and application expertise
enables us to develop, manufacture and sell products that change
the way our customers do business. Our pioneering products
perform specific and important functions for our customers,
enabling them to offer innovative solutions to the industries
that they serve. Our products serve a diverse range of end
markets including aerospace and industrial materials, mining and
plastics.
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