October 6, 2009 (FinancialWire) — Solutia Inc. (NYSE: SOA) said it will launch a public offering of $300 million of senior notes due 2017 to be guaranteed by certain of its domestic subsidiaries. Deutsche Bank Securities (NYSE: DB), Jefferies (NYSE: JEF), Citigroup Global Markets (NYSE: C) and J.P. Morgan Securities are acting as joint book-running managers.

The company plans to use the net proceeds from the offering to prepay $200 million of its senior secured term loans and for general corporate purposes.

St. Louis-based Solutia is a performance materials and specialty chemicals company whose products include Saflex interlayer for laminated glass, CPFilms aftermarket window films and technical specialties including the Flexsys line of chemicals for the rubber industry, Skydrol aviation hydraulic fluid and Therminol heat transfer fluid.

The company has around 3,100 employees in more than 60 locations

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