Medina, Ohio -- RPM International announced that it has completed its previously announced redemption of all of its outstanding 2.25% Convertible Senior Notes due 2020.

In connection with the redemption, holders of $204,554,000 aggregate principal amount of Notes converted their notes in accordance with the terms and conditions of the notes. In settlement of those conversions, RPM paid an aggregate of approximately $204,625,000 in cash, including cash in lieu of fractional shares, and issued 598,601 shares of its common stock in the aggregate.

RPM redeemed the remaining $446,000 aggregate principal amount of outstanding notes in accordance with its notice of redemption dated Sept. 25. RPM paid to the registered holders of the notes that were redeemed an aggregate of approximately $450,000, including accrued and unpaid interest thereon to, but excluding, the redemption date. No notes remain outstanding following the conversions and redemptions.

“As a result of our recent stock price performance, we met the criteria to redeem these bonds early,” said Frank C. Sullivan, chairman and CEO. “By utilizing mostly cash to settle the conversions, we are pleased that, from a diluted EPS perspective, approximately 3.3 million shares are removed from our EPS calculation. Additionally, the redemption and resulting conversions are neutral to our current debt metrics.”

For more information, visit www.rpminc.com.