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Reynolds Group plans $1.75 billion of bank, bond debt for acquisitions
By Sara Rosenberg and Paul A. Harris
New York, April 16 - Reynolds Group Holdings Ltd. plans on selling $1 billion of unsecured notes and getting a $750 million term loan to fund the acquisitions of the Evergreen Packaging group of companies and the Whakatane Mill from Carter Holt Harvey Ltd., according to a market source.
Credit Suisse is leading the financing.
Closing the acquisitions is expected to take place in May.
The Evergreen Packaging group of companies manufacture fresh carton packaging systems for beverage products, primarily serving the juice and milk end markets, and the Whakatane Mill is a paper mill located in New Zealand.
Reynolds Group is an Auckland, New Zealand-based manufacturer and supplier of consumer food and beverage packaging and storage products.
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