New Issue: Resolution Performance Products $53 million add-on yields 12.278%

By Paul A. Harris

St. Louis, Dec. 13 - Resolution Performance Products LLC/RPP Capital Corp. priced a $53 million add-on to their 13½% senior subordinated notes due Nov. 15, 2010 (B3/B) at 105, on Friday, to yield 12.278%, according to a market source.

The syndicate included Morgan Stanley, JP Morgan, Salomon Smith Barney and Credit Suisse First Boston.

Proceeds from the Rule 144A add-on will be used to repay the credit facility.

The original $200 million issue priced on Nov. 8, 2000. A $75 million add-on priced Nov. 8, 2001.

Issuer:	Resolution Performance Products LLC/RPP Capital Corp.
Amount:	$53 million
Security description:	Add-on to 13½% senior subordinated notes due Nov. 15, 2010
Managers:	Morgan Stanley, JP Morgan, Salomon Smith Barney, Credit Suisse First Boston
Maturity:	Nov. 15, 2010
Coupon:	13½%
Price:	105
Yield:	12.278%
Spread:	925 basis points over 3% Treasury due Nov. 15, 2007
Call features:	Callable on Nov. 15, 2005 at 105.75, then at 104.50, 102.25, declining to par on Nov. 15, 2008 and thereafter
Settlement date:	Dec. 18, 2002 with accrued interest
Ratings:	Moody's: B3
	Standard & Poor's: B
Rule 144A Cusip:	76115NAA9

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