Plastipak to redeem all $500 million outstanding 6¼% notes due 2025

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Plastipak Holdings, Inc. will redeem all $500 million of its 6¼% senior notes due 2025 on Dec. 3, according to a press release.

The notes will be redeemed at 101.563 plus accrued interest.

The redemption is subject to a financing condition.

Computershare Trust Co., NA as agent for Wells Fargo Bank, NA is serving as trustee and paying agent.

Plymouth, Mich.-based Plastipak is a designer, manufacturer and distributor of rigid plastic packaging containers and preforms for consumer products companies.

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