CALGARY, AB, Nov. 18, 2024 /PRNewswire/ – NOVA Chemical substances Company (“NOVA Chemicals“) introduced as of late the pricing of a non-public providing (the “Offering“) of $400 million of senior unsecured notes, structured as 7-year non-call 3-years (the “2031 Notes“). The 2031 Notes can have an rate of interest of seven.00% in line with annum. NOVA Chemical substances plans to significance the web proceeds of the Providing, at the side of money readily available, to pay off in complete its senior fasten time period mortgage facility and end all loyalty thereunder and to pay the costs and bills in the case of the Providing. The ultimate of the Providing is anticipated to happen on November 21, 2024, topic to commonplace ultimate situations.

TD Securities (USA) LLC acted as govern bookrunner at the Providing, and RBC Capital Markets, LLC, HSBC Securities (USA) Inc., Scotia Capital (USA) Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC, CIBC Global Markets Corp., Nationwide Storage of Canada Monetary Inc., ATB Capital Markets Inc., MUFG Securities Americas Inc., SMBC Nikko Securities The united states, Inc. and Loop Capital Markets LLC, acted as Joint Bookrunners.  Abu Dhabi Industrial Storage PJSC and First Abu Dhabi Storage PJSC acted as monetary advisors at the transaction.   

Simpson Thacher & Bartlett LLP acted as govern prison suggest to NOVA Chemical substances, with Osler, Hoskin & Harcourt LLP and Stewart McKelvey offering backup on Canadian sides of the do business in, and White & Case LLP as govern prison suggest to the underwriters, with Norton Rose Fulbright Canada LLP offering backup on Canadian sides of the do business in.

The 2031 Notes might be issued in reliance at the exemption from the registration necessities equipped by way of Rule 144A and Legislation S of the USA Securities Occupation of 1933, as amended (the “Securities Act“). The 2031 Notes have now not been registered beneath the Securities Occupation or the regulations of any circumstance or alternative jurisdiction and will not be presented or bought in the USA absent registration or an acceptable exemption from the registration necessities of the Securities Occupation and acceptable circumstance securities regulations.

This information leave does now not represent an do business in to promote or the solicitation of an do business in to shop for any safety, nor will there be any sale of any safety in any circumstance or alternative jurisdiction by which such do business in, solicitation or sale could be illegal previous to registration or qualification beneath the securities regulations of one of these circumstance or alternative jurisdiction.

Ahead-Taking a look Statements

This information leave comprises forward-looking statements, together with statements concerning the Providing, timing and the meant significance of proceeds. By means of their nature, forward-looking statements require NOVA Chemical substances to create suppositions and are topic to inherent dangers and uncertainties which might impact untouched effects and may just motive untouched effects to vary materially from the ones expressed in any forward-looking statements made by way of, or by and for, NOVA Chemical substances. NOVA Chemical substances’ forward-looking statements are expressly certified of their entirety by way of this cautionary remark. As well as, the forward-looking statements are made simplest as of the day of this information leave, and except for as required by way of acceptable legislation, NOVA Chemical substances undertakes negative legal responsibility to replace the forward-looking statements to mirror pristine knowledge, next occasions or differently.

About NOVA Chemical substances

NOVA Chemical substances develops and manufactures chemical compounds and plastic resins that create on a regular basis future more healthy, more straightforward and more secure. NOVA Chemical substances, headquartered in Calgary, Alberta, Canada, is absolutely owned in the end by way of Mubadala Funding Corporate PJSC of Abu Dhabi, United Arab Emirates, which, in flip, is absolutely owned by way of the federal government of the Emirate of Abu Dhabi.

SOURCE NOVA Chemical substances Company

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