Georgia Gulf Announces Notice of Redemption for 2016 Senior Subordinated Notes

ATLANTA--(BUSINESS WIRE)--Georgia Gulf Corporation (NYSE: GGC) today announced that it has distributed a Notice of Redemption to the holders of the Company’s 2016 senior subordinated notes (“Notes”). The Notes will be redeemed on October 20, 2011, for $105.375 per $100 of face value. Based on amounts outstanding as of September 15, 2011, the Company will redeem an aggregate principal amount of $41.9 million of Notes.

“During the past two years, we have communicated that our priorities for the use of excess cash are paying down debt and funding accretive growth”

“During the past two years, we have communicated that our priorities for the use of excess cash are paying down debt and funding accretive growth,” said Paul Carrico, president and chief executive officer. “The continued improvement of our integrated chemicals and building products business model has enabled us to generate the free cash needed to achieve our priority of redeeming these obligations prior to their due date.

“Today’s announcement of $41.9 million of debt reduction is in addition to the $22.1 million we repaid in April 2011,” Carrico said. “We expect to use future excess cash flow to further reduce leverage, enhance shareholder value, and to invest and grow our business.”

About Georgia Gulf

Georgia Gulf Corporation is a leading, integrated North American manufacturer of two chemical lines, chlorovinyls and aromatics, and manufactures vinyl-based building and home improvement products. The Company's vinyl-based building and home improvement products, marketed under Royal Group brands, include window and door profiles, mouldings, siding, pipe and pipe fittings, and deck, fence and rail products. Georgia Gulf, headquartered in Atlanta, Georgia, has manufacturing facilities located throughout North America to provide industry-leading service to customers. For more information, visit www.ggc.com.

Safe Harbor

This news release contains forward-looking statements subject to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements may relate to, among other things, our financial statements and results, expectations of future results, our expected uses of cash and the completion of the redemption of Notes. Forward-looking statements are based on management's assumptions regarding, among other things, general economic and industry-specific business conditions, as well as the execution of our business strategy, and actual results may be materially different. Risks and uncertainties inherent in these assumptions include, but are not limited to, our ability to generate sufficient cash flows from our business; future global economic conditions, economic conditions in the industries to which our products are sold, the effectiveness of certain previously disclosed and recently implemented changes to our internal control over financial reporting, uncertainties regarding certain capital position impacts such as asset sales or acquisitions, our ability to achieve operating efficiencies, competitive conditions, industry production capacity, raw materials and energy costs, and other factors discussed in the Securities and Exchange Commission filings of Georgia Gulf Corporation from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2010, and subsequent Quarterly Reports on Form 10-Q.