Koppers Holdings Inc., which sells carbon pitch to steel and aluminum producers and crossties to railroads, plans to buy back senior notes due 2014 and offer new ones due 2019.
The tender offer to buy the 9 7/8 percent senior discount notes, worth $203 million, expires Dec. 10, though the company is offering a premium to those who tender their notes by Nov. 25.
Koppers Holdings said late Thursday it may redeem any notes not tendered in the offer. Goldman Sachs & Co. is the lead dealer manager.
Meantime, Koppers Inc., a unit of Koppers Holdings, is privately offering institutional investors $300 million of unsecured senior notes due 2019.
Proceeds from the offering "are intended to be used to repay outstanding debt, pay related fees and expenses and for general corporate purposes," Koppers said.