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Rockwood Press Release
Rockwood Holdings Pursues Amendment to Senior Secured Credit Facility
Princeton, NJ USA (May 28, 2009) – Rockwood Holdings, Inc. (NYSE:ROC) today announced that it has engaged Credit Suisse Securities (USA) LLC to advise the company on improving terms of its senior secured credit facility.
The company said that it will pursue an amendment to its existing senior credit facility. Under consideration are extending the maturity of certain term loan tranches, changing the definition of the leverage covenant and extending the revolving credit facility.
Commenting on the action, Seifi Ghasemi, Rockwood chairman and chief executive officer, said, “We are pursuing this course of action now to take advantage of the improving credit markets to strengthen our balance sheet. This will allow us to continue to pursue our stated strategy for Rockwood as we move forward.”
Rockwood Holdings, Inc. is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 10,000 people and annual net sales of approximately $3 billion. The company focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.
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