Dow Chemical plans to price $75 million environmental facilities revenue bonds

By Cristal Cody

Springdale, Ark., April 24 - Dow Chemical Co. intends to price $75 million environmental facilities revenue bonds through Brazos Harbor Industrial Development Corp. in Texas, according to a preliminary official statement.

The series 2008 bonds are due May 1, 2038.

The bonds initially will price with a term rate beginning May 6, 2008 and ending April 30, 2028.

Goldman, Sachs & Co. is the underwriter.

Proceeds will be used to pay equipment acquisition and construction costs at Dow Chemical's industrial sewage and solid waste disposal facilities in Brazoria County, Texas.

Additional information was not immediately available.

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