Reynolds Group to redeem all €420 million of 9½% notes via offering

By Tali David

Minneapolis, Dec. 4 - Reynolds Group Holdings Ltd. plans to redeem the €420 million aggregate principal amount of its existing 9½% senior subordinated notes due 2017 with the proceeds from a new note offering, according to a press release.

Proceeds will also be used to pay related fees and expenses.

The company plans to offer $590 million principal amount of senior subordinated notes due 2017 through wholly owned subsidiaries.

Reynolds Group is an Auckland, New Zealand-based manufacturer and supplier of consumer food and beverage packaging and storage products.

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