Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AbitibiBowater, Inc. > News item |
Abitibi announces $750 million offering of eight-year secured notes
By Paul A. Harris
St. Louis, Sept. 14 - AbitibiBowater Inc. announced in a Tuesday press release that it plans to make a private $750 million offering of eight-year senior secured notes.
Citigroup Global Markets and Barclays Capital are the leads, according to market sources, who expect the deal to be completed before the end of September.
Proceeds will be used to help fund the Montreal-based pulp and paper manufacturer's exit from Chapter 11 bankruptcy.
AbitibiBowater filed bankruptcy on April 16, 2009 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 09-11296.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.