Rock-Tenn to use note offering proceeds to prepay all of term loan B

By Tali David

Minneapolis, Feb. 14 - Rock-Tenn Co. plans to use the proceeds from its senior note offering to prepay all of the $746.3 million in principal amount of loans under its existing term loan B facility, including accrued and unpaid interest, the company announced in a press release.

The company also said it intends to use any remaining net proceeds, if any, to repay amounts outstanding under its revolving credit facility or receivables facility.

Rock-Tenn is a Norcross, Ga., manufacturer of corrugated and consumer packaging and recycling solutions.

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