News Release
KI Holdings Inc.
436 Seventh Avenue
Pittsburgh, PA 15219-1800
412-227-2001
www.koppers.com
FOR IMMEDIATE RELEASE
For Information: | Brian H. McCurrie, Vice President, Chief Financial Officer |
| 412.227.2153 |
| mccurriebh@koppers.com |
KI Holdings Inc. Completes Exchange of $203,000,000 of Senior Discount Notes
PITTSBURGH, May 27, 2005 – KI Holdings Inc. (“KI Holdings”) announced today that it has completed its offer to the holders of $203,000,000 aggregate principal amount at maturity of 9 7/8% Senior Discount Notes due 2014 to exchange such notes for a like principal amount of its 9 7/8% Senior Discount Notes due 2014 which have been registered under the Securities Act of 1933, as amended.
The exchange offer was completed at 5:00 p.m. New York City time on May 26, 2005. KI Holdings said that it has been informed by the exchange agent that as of 5:00 p.m. New York City time on May 26, 2005 100% of the $203,000,000 in aggregate principal amount at maturity of its 9 7/8% Senior Discount Notes due 2014 had been tendered in the exchange offer.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which it would be unlawful.
About KI Holdings Inc.
KI Holdings Inc. is the parent corporation of Koppers Inc., a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates 38 facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa. The stock of KI Holdings Inc. is shared by a large number of employee investors and by majority equity owner Saratoga Partners of New York, NY.
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