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RSI Home Products announces new debt financing to fund tender of 6 7/8% secured notes
By Paul A. Harris
Portland, Ore., March 2 – RSI Home Products, Inc. announced in a Monday press release that it intends to put in place new debt financing in order to fund a tender offer for $525 million of its 6 7/8% senior secured second-lien notes due 2018.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the dealer manager for the tender, which expires on March 28, 2015.
RSI Home Products is an Anaheim, Calif.-based manufacturer of kitchen, bath and home storage cabinets.
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