UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act
of 1934
Date of Report
(Date of earliest event reported)
September 23, 2008 (September 19,
2008)
STERLING
CHEMICALS, INC.
(Exact name of registrant as specified
in its charter)
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| Delaware |
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000-50132 |
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76-0502785 |
| (State or other jurisdiction of |
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(Commission File No.) |
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(IRS Employer Identification No.) |
| Incorporation) |
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| 333 Clay Street, Suite 3600 |
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77002-4109 |
| Houston, Texas |
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(Zip Code) |
| (Address of principal execute offices) |
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(713) 650-3700
(Registrant’s telephone number,
including area code)
Not
Applicable
(Former names or former address, if changed since last
report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
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| o |
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Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01.
Other Events
On September 19,
2008, Sterling Chemicals, Inc. (“Sterling”) completed its exchange offer for all
$150 million aggregate principal amount of its outstanding 101/4% Senior Secured Notes due 2015 (the “Senior
Secured Notes”). The Senior Secured Notes were issued by Sterling in
March 2007 in a private offering pursuant to Rule 144A and
Regulation S under the Securities Act of 1933, as amended (the “Securities
Act”), and were exchanged for $150 million in aggregate principal amount of
101/4% Senior Secured Notes due 2015 (the “Exchange
Notes”) registered under the Securities Act. The exchange offer was commenced in
order to satisfy certain of Sterling’s obligations pursuant to a registration
rights agreement entered into in connection with the private offering. As of the
scheduled expiration time of the exchange offer of 5:00 pm. (New York City time)
on September 12, 2008, all $150 million in aggregate principal amount
of Senior Secured Notes were tendered and accepted for exchange by Sterling.
Upon completion of the exchange offer, additional interest under the
registration rights agreement, which had been accruing on the Senior Secured
Notes at a rate of 0.75% per annum, ended and interest on the Exchange Notes
will accrue going forward at the face amount of 101/4% per annum.