NewMarket to redeem $350 million 4.1% notes due 2022 on March 15

By Rebecca Melvin

Concord, N.H., Feb. 9 – NewMarket Corp. plans to redeem all $350 million of its 4.1% senior notes due 2022 on March 15, according to a news release Wednesday.

The purchase price is equal to par plus a make-whole premium together with accrued interest to but excluding the redemption date.

The redemption will be funded using cash on hand derived from the company’s March 2021 issuance of $400 million of 2.7% notes due 2031.

The developer of chemical additives for petroleum products is based in Richmond, Va.

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