Ethyl Corp. announces $150 million seven-year note offering

By Paul A. Harris and Sara Rosenberg

St. Louis, April 1 - Ethyl Corp. announced a Rule 144A offering of $150 million of seven-year senior notes late Tuesday.

The company will also obtain a $165 million credit facility to be led by Credit Suisse First Boston and UBS Warburg, the bank meeting for which is set for Wednesday.

Proceeds will be used to refinance debt.

With respect to the notes offering no timing or syndicate names were available as Prospect News went to press Tuesday night.

The issuer is a Richmond, Va. fuel and lubricant additives company.

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