Pretium Packaging plans June 6 redemption of 11½% notes at 105.75

By Jennifer Chiou

New York, May 8 - Pretium Packaging, LLC said it issued a notice of conditional redemption for its 11½% senior secured notes due 2016.

The company plans to redeem the notes on June 6 at 105.75 plus accrued interest.

According to an 8-K filing with the Securities and Exchange Commission, the redemption is conditioned on Pretium's parent company completing its agreement to be acquired by Genstar Capital, a private equity firm based in San Francisco.

As previously reported, the sale is expected to close in June.

Pretium Packaging, based in Chesterfield, Mo., is a manufacturer of customized, high-performance rigid plastic bottles and containers.

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