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BWAY Holding to redeem three series of senior notes via new offerings
By Tali Rackner
Norfolk, Va., July 31 – BWAY Holding Co. plans to redeem all of its 9%/9¾% senior PIK toggle notes due 2017 issued by BOE Intermediate Holding Corp., all of its 9½%%/10¼% senior PIK toggle notes due 2017 issued by BWAY Parent Co., Inc. and all of BWAY Holdings’ 10% senior notes due 2018 with the proceeds from a senior notes offering and term loan credit facility, according to a press release.
Proceeds will also be used to repay all outstanding borrowings under BWAY’s existing term loan credit facility, pay a special dividend to the shareholders of BOE and pay related transaction fees and expenses.
BWAY is an Atlanta-based supplier of general line rigid containers.
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