Intertape Polymer will redeem 7% senior notes on Wednesday

By William Gullotti

Buffalo, N.Y., June 16 – Intertape Polymer Group Inc. announced it will redeem all $250 million outstanding 7% senior unsecured notes due 2026 (Cusips: 460919AA1, C4801KAA3) on Wednesday, according to a 6-K filing with the Securities and Exchange Commission.

The redemption was first reported May 17.

The company is paying $267 million for the redemption, which includes a $14 million premium and $3 million in unpaid interest.

Intertape Polymer has headquarters located in Montreal and Sarasota, Fla. The company is a developer and manufacturer of specialized polyolefin plastic, paper-based packaging products and complementary packaging systems for industrial and retail use.

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