Radnor Holdings receives consents needed to amend 11% notes

By Angela McDaniels

Seattle, April 4 - Radnor Holdings Corp. said it received consents to amend the indenture governing its 11% senior notes due 2010 from holders of substantially all of the notes during a consent solicitation that ended on Monday.

The amendments, which became effective on Tuesday, allow Radnor to take on an additional $25 million of debt and any refinancing, refunding, deferral, renewal or extension thereof. The amendments also include other undertakings by the company in connection with such increase in permitted debt.

Noteholders who consented will receive a $5.00 consent payment per $1,000 principal amount of notes following execution of the amendments and an additional $5.00 consent payment per $1,000 principal amount of notes on Sept. 15.

D.F. King & Co. (212 269-5550 or 800 290-6431) was information agent for the consent solicitation, which began on March 31.

Radnor Holdings is a manufacturer and distributor of disposable foodservice products based in Radnor, Pa.

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