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): JUNE 30, 2006
SOLUTIA INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
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(STATE OF INCORPORATION)
001-13255 43-1781797
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(COMMISSION (IRS EMPLOYER
FILE NUMBER) IDENTIFICATION NO.)
575 MARYVILLE CENTRE DRIVE, P.O. BOX 66760, ST. LOUIS, MISSOURI 63166-6760
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(314) 674-1000
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REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.04. TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL
OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT
On June 30, 2006 a redemption notice and certificate (the "Notice")
was delivered to the holders of the EUR 200,000,000 10.00% Senior Secured
Notes due 2008 (the "Euro Notes") of Solutia Europe S.A./N.V. ("SESA"), a
wholly-owned subsidiary of Solutia Inc. (the "Company"), in accordance with
the terms and conditions of the Euro Notes. The Notice was also published in
the Financial Times (UK) and on the website of the Luxembourg Stock
Exchange. Delivery of the Notice obligates SESA to redeem the Euro Notes on
August 1, 2006 at a 3% premium for a total aggregate redemption payment of
EUR 206,000,000, as provided in the Euro Notes. A copy of the Notice is
attached hereto as Exhibit 99.1.
ITEM 7.01. REGULATION FD DISCLOSURE
On June 30, 2006 the Company issued a press release announcing that
it has received a fully underwritten commitment to refinance all of its EUR
200,000,000 10.00% Senior Secured Notes due 2008. A copy of the press
release is attached hereto as Exhibit 99.2.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) The following exhibits are included with this report:
Exhibit
Number Description
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99.1 Redemption notice with respect to Solutia Europe S.A./N.V.'s
EUR 200,000,000 10.00% Senior Secured Notes due 2008
99.2 June 30, 2006 press release announcing the receipt by Solutia
Europe S.A./N.V. of a fully underwritten commitment to
refinance all of its EUR 200,000,000 10.00% Senior Secured Notes
due 2008
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
SOLUTIA INC.
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(Registrant)
/s/ Rosemary L. Klein
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Senior Vice President, General Counsel
and Secretary
DATE: JUNE 30, 2006
EXHIBIT INDEX
Exhibit
Number Description
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99.1 Redemption notice with respect to Solutia Europe S.A./N.V.'s EUR
200,000,000 10.00% Senior Secured Notes due 2008
99.2 June 30, 2006 press release announcing the receipt by Solutia
Europe S.A./N.V. of a fully underwritten commitment to refinance
all of its EUR 200,000,000 10.00% Senior Secured Notes due 2008