The Dow Chemical Company (TDCC), a wholly owned subsidiary of Dow Inc. (Dow), announced that it has commenced cash tender offers to purchase its debt securities and certain debt securities of Rohm and Haas Company, a wholly owned subsidiary of TDCC, in an aggregate purchase price (excluding Accrued Interest (as defined below)) of up to $1.48 billion upon the terms and subject to the conditions set forth in the Offer to Purchase dated August 16, 2021.

 “In line with our strategic capital allocation priorities, this action is expected to reduce Dow’s gross debt by approximately $1 billion and will continue to support our strong investment-grade capital structure across the economic cycle,” said Howard Ungerleider, president and CFO of Dow. “If fully tendered, Dow will further improve its debt maturity profile, reduce annual interest expense by more than $60 million, and continue to enhance our overall financial flexibility.”