Davis Polk advised the representative of the several initial purchasers on concurrent Rule 144A/Regulation S offerings by Hexion Inc. of $485 million aggregate principal amount of 10.375% first-priority senior secured notes due 2022 and $225 million aggregate principal amount of 13.75% senior secured notes due 2022.

Based in Columbus, Ohio, Hexion Inc. is the world’s largest producer of thermosetting resins and a leading producer of adhesive and structural resins and coatings. Hexion’s products are used in applications such as forest products, architectural and industrial paints, packaging, consumer products, composites and automotive coatings.

The Davis Polk capital markets team included partner Michael Kaplan, counsel Jeffrey S. Ramsay and associates Milson C. Yu and Andrew J. Terjesen. The Davis Polk credit team included partner Kenneth J. Steinberg and associate Jonathan Brown. The tax team included partner Rachel D. Kleinberg and associate Tracy L. Matlock. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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