Cromie, Humphreys, and Villani Represent Hexion Specialty Chemicals in Connection with $1 Billion Note Offering

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ROSELAND, N.J./May 27, 2010 -- John D. Cromie, Noel D. Humphreys, and Joseph A. Villani, Jr. recently represented Hexion Specialty Chemical, Inc., a New Jersey corporation (“Hexion”), as special New Jersey counsel in connection with the issuance and sale by a Hexion affiliate of 8.875% Senior Secured Notes Due 2018. The Notes had a face value of one billion dollars.

In connection with the notes issuance, Hexion amended the terms of certain senior secured credit facilities to (i) extend the maturity of certain term loans or revolving commitments, and (ii) allow for Hexion subsidiaries’ assumption of the obligations under the notes.

Hexion simultaneously entered into a Registration Rights Agreement with the purchasers of the original notes, pursuant to which Hexion agreed to file a Registration Statement with the Security Exchange Commission relating to an offer to exchange the original notes due in 2018 for exchange notes. The exchange notes had terms substantially identical to the original notes, except that the exchange notes did not contain transfer restrictions. Connell Foley LLP also represented Hexion in connection with the exchange offer.

Hexion is the world’s largest producer of thermosetting resins and a leading producer of adhesive and structural resins and coatings. Hexion has 91 production sites around the world and serves more than 8,300 customers in over 100 countries.

John D. Cromie is Chairman of Connell Foley’s Corporate and Business Law practice group. Noel D. Humphreys is counsel at Connell Foley and a member of the firm’s Corporate and Business Law practice group. Joseph A. Villani, Jr. is an associate at Connell Foley and a member of the firm’s Corporate and Business Law practice group.

For more information, please contact 973-535-0500 or email and/or

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