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CHMT > SEC Filings for CHMT > Form 8-K on 24-Jun-2013All Recent SEC Filings

Show all filings for CHEMTURA CORP



Entry into a Material Definitive Agreement, Other Events, Financial Statements and

Item 1.01. Entry into a Material Definitive Agreement.

On June 24, 2013, Chemtura Corporation (the "Company") announced that it had received, pursuant to its previously announced cash tender offer and consent solicitation (the "Offer and Solicitation") with respect to any and all of its outstanding $455,000,000 aggregate principal amount of 7.875% Senior Notes due 2018 (the "2018 Notes"), the requisite consents to adopt proposed amendments to the indenture governing the 2018 Notes (the "Indenture") that would eliminate substantially all of the restrictive covenants, certain events of default and related provisions contained in the Indenture. The Offer and Solicitation are being made upon the terms and subject to the conditions set forth in the Company's Offer to Purchase and Consent Solicitation Statement, dated June 10, 2013 (the "Offer to Purchase").

As of 5:00 p.m. New York City time, on June 21, 2013, holders of $348,346,000 of the 2018 Notes, representing approximately 76.56% of the 2018 Notes, had tendered their 2018 Notes in the Offer and Solicitation and consented to the proposed amendments to the Indenture.

In conjunction with receiving the requisite consents, the Company, the applicable guarantors and U.S. Bank National Association, as trustee, executed Supplemental Indenture No. 2 to the Indenture, dated as of June 21, 2013 ("Supplemental Indenture No. 2"), implementing the proposed amendments described above. Supplemental Indenture No. 2 became effective upon execution, but the proposed amendments to the Indenture will not become operative unless and until the Company accepts the 2018 Notes for purchase pursuant to the terms and conditions described in the Offer to Purchase.

A copy of Supplemental Indenture No. 2 is attached hereto as Exhibit 4.1 and is incorporated herein by reference.

Item 8.01 Other Events.

On June 24, 2013, the Company issued a press release announcing its receipt of the requisite consents pursuant to the Offer and Solicitation. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Number                                    Description

 4.1         Supplemental Indenture No. 2, dated as of June 21, 2013, among
             Chemtura Corporation, the guarantors party thereto and U.S. Bank
             National Association, as trustee.

99.1         Press Release, dated June 24, 2013, announcing the receipt of
             requisite consents to enter into Supplemental Indenture No. 2 pursuant
             to the Offer and Solicitation.

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