Chemtura Expects Lower Revenues For Q2 - Quick Facts

(RTTNews) - Chemtura Corporation (CHMT, CEMJQ.PK), a manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products, Thursday said it expects second-quarter total sales to be $735 million and total adjusted EBITDA to be $109 million. This compares with last year's total sales of $741 million and total adjusted EBITDA of $118 million. The Street expects the company to clock revenues of $734.9 million for the quarter.

Craig Rogerson, Chairman, President and CEO of Chemtura, commented, "...With the benefit of particularly strong sales in North America and in South America, Chemtura AgroSolutions delivered record performance despite the delayed start to the Northern Hemisphere growing season this year.."

In a separate statement, the company announced an offering of $400 million of senior notes due 2021.The company intends to use the net proceeds from the sale of the notes to pay the consideration in its previously announced cash tender offer and consent solicitation with respect to any and all of its outstanding $455 million aggregate principal amount of 7.875 percent Senior Notes due 2018 and to pay related fees and expenses, including tender premiums and accrued and unpaid interest.