UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
*****
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): August 17, 2004 (August 16, 2004)
Crompton Corporation
(Exact Name of Registrant as Specified in its Charter)
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Delaware |
0-30270 |
52-2183153 |
199 Benson Road, Middlebury, Connecticut 06749
(Address of Principal Executive Offices) (Zip Code)
(203) 573-2000
(Registrant's Telephone Number, Including Area Code)
Item 5. Other Events and Required FD Disclosure
Crompton Corporation announced today the completion of a multipart refinancing program. The components of the refinancing are (i) $600 million aggregate principal amount of privately offered senior notes; (ii) $220 million in new credit facilities consisting of a $120 million revolving credit facility and a $100 million pre-funded letter of credit facility; and (iii) a three-year extension of the Company's domestic accounts receivable program, giving the Company the ability to sell up to $125 million in domestic accounts receivable, which is an increase of $10.0 million to the Company's current domestic accounts receivable program.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
* * *
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(c) |
Exhibits. |
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Exhibit Number |
Exhibit Description |
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99.1 |
Press Release dated August 16, 2004 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.
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Crompton Corporation (Registrant) |
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By: /s/Barry J. Shainman |
Exhibit Index
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Exhibit Number |
Exhibit Description |
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99.1 |
Press Release dated August 16, 2004 |