July 7, 2009 (FinancialWire) — Cytec Industries Inc. (NYSE: CYT) has closed an offering of $250 million of 8.95% senior unsecured notes due 2017.

The company plans to apply the net proceeds from the sale of the notes toward the payment of the purchase price in its tender offers for up to $250 million of certain outstanding debt securities.

Any remaining net proceeds from the sale of the notes will be applied to general corporate funds that may be used for the repayment at maturity or repurchases of any remaining principal amount of its 5.50% notes due October 1, 2010, repayment of short-term borrowings or other debt or any other general corporate purpose.

Woodland Park, New Jersey-based Cytec Industries is a specialty chemicals and materials company whose products serve end markets including aerospace, adhesives, automotive and industrial coatings, chemical intermediates, inks, mining and plastics.

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