Press Release
Kraton Polymers Extends Exchange Offer
Kraton – 8.125% Senior Subordinated Notes Due 2014
HOUSTON, TX – October 18, 2005 – Kraton Polymers LLC (“Kraton”) today announced that the expiration date of the registered exchange offer (the “Exchange Offer”) for its 8.125% Senior Subordinated Notes due 2014 (the “Outstanding Notes”) has been extended until 5:00 p.m., Eastern Standard Time, on October 21, 2005, unless further extended.
Through the Exchange Offer, Outstanding Notes can be exchanged for new notes with substantially identical terms, except that the new notes have been registered under the Securities Act of 1933, as amended. The Exchange Offer was scheduled to expire at 5:00 p.m., Eastern Standard Time, today, and as of that time, as reported by Wells Fargo Bank, N.A., as exchange agent for the Exchange Offer, Kraton had received valid tenders of Outstanding Notes in aggregate principal amount of $196,713,000.00.
Kraton has elected to extend the Exchange Offer in order to allow additional time in which to determine whether the holders of the remaining Outstanding Notes also wish to accept the Exchange Offer. A written prospectus providing the terms of the exchange offer may be obtained through the exchange agent – Wells Fargo Bank, N. A. by calling (800) 344-5128.
About Kraton
Kraton Polymers LLC is a premier, global specialty chemicals company and is the world’s largest producer of styrenic block copolymers (“SBCs”), a family of products whose chemistry was pioneered by Kraton over forty years ago. SBCs are highly-engineered synthetic elastomers, which enhance the performance of products by delivering a variety of attributes, including greater flexibility, resilience, strength, durability and processability. Kraton polymers are used in a wide range of applications including road and roofing materials, numerous consumer products (e.g., diapers, tool handles and toothbrushes), tapes, labels, medical applications, packaging, automotive and footwear products. Kraton has the leading position in nearly all of its core markets and is the only producer of SBCs with global manufacturing capability. Its production facilities are located in the United States, The Netherlands, Germany, France, Brazil, and Japan.
Polymer Holdings LLC is the parent company of Kraton Polymers LLC and has no material assets other than its investment in Kraton Polymers LLC.
Kraton, the Kraton logo and design, and “Giving Innovators their Edge” tagline are trademarks of Kraton Polymers LLC.
Forward Looking Statements
This press release may include “forward-looking statements” which are statements other than statements of historical fact and are often characterized by the use of words such as “believes,” “expects,” “estimates,” “projects,” “may,” “will,” “intends,” “plans” or “anticipates,” or by discussions of strategy, plans or intentions. All forward-looking statements in this presentation are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. We assume no obligation to update such information.
