Reynolds keeps paying down debt; 4.5x total leverage ratio targeted

By Devika Patel

Knoxville, Tenn., Feb. 14 – Reynolds Group Holdings Ltd. said it is targeting a total debt leverage ratio of 4.5x and is continuing to pay down debt.

“We continue to pay down debt and still target our total debt leverage at 4.5x,” chief executive officer Thomas James Degnan said on the company’s fourth-quarter and year-end earnings conference call on Wednesday.

Reynolds is an Auckland, New Zealand-based manufacturer and supplier of consumer food and beverage packaging and storage products.

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