Radnor announces $70 million offering of five-year floaters

By Paul A. Harris

St. Louis, March 29 - Radnor Holdings Corp. announced in a Monday news release that it intends to sell $70 million of five-year senior secured floating-rate notes in a Rule 144A offering.

Proceeds will be used to repay bank debt.

No timing or syndicate names were included in the news release, and the company did not return a Monday telephone call from Prospect News.

The company is a Radnor, Pa.-based producer of foam packaging and specialty chemical products for the food service, insulation and protective packaging industries.

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