(Source: Business Wire)

Arch Chemicals, Inc. (NYSE: ARJ) announced today that it has entered
into a trade accounts receivable securitization facility with PNC Bank
and its affiliate, Market Street Funding LLC, which will provide up to
$80 million of funding to the Company. This facility replaces the
Company's previous securitization facility with SunTrust Bank and its
affiliates; and it follows the Company's recent completion of its
seven-year, $75 million private placement in September and its $100
million term loan completed earlier in the year.
Arch Chemicals' Senior Vice President and CFO Steven C. Giuliano said:
"We are pleased to have closed on this receivables securitization
facility. It is an attractive source of funding which fits well with the
seasonal nature of our working capital needs, as well as our strategy of
maintaining diversified sources of liquidity."
About Arch
Headquartered in Norwalk, Connecticut (USA), Arch Chemicals, Inc. is a
global Biocides company with annual sales of approximately $1.5 billion.
Arch and its subsidiaries provide innovative, chemistry-based and
related solutions to selectively destroy and control the growth of
harmful microbes. The Company's concentration is in water treatment,
hair and skin care products, treated wood, preservation and protection
applications such as for paints and building products, and health and
hygiene applications. Arch Chemicals operates in two segments: Treatment
Products and Performance Products. Together with its subsidiaries, Arch
has approximately 3,000 employees and manufacturing and customer-support
facilities in North and South America, Europe, Asia, Australia and
Africa. For more information, visit the Company's Web site at http://www.archchemicals.com.
Except for historical information contained herein, the information
set forth in this communication contains forward-looking statements that
are based on management's beliefs, certain assumptions made by
management and management's current expectations, outlook, estimates and
projections about the markets and economy in which the Company and its
various businesses operate. Words such as "anticipates," "believes,"
"estimates," "expects," "forecasts," "intends," "opines," "plans,"
"predicts," "projects," "should," "targets" and variations of such words
and similar expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions ("Future
Factors"), which are difficult to predict.