Radnor Holdings begins consent solicitation for 11% notes

By Angela McDaniels

Seattle, March 31 - Radnor Holdings Corp. has begun a solicitation of consents to amend the indenture governing its 11% senior notes due 2010, according to a company news release.

The proposed amendments to the indenture would allow Radnor to take on an additional $25 million of debt and any refinancing, refunding, deferral, renewal or extension thereof. The proposed amendments also include other undertakings by the company in connection with such increase in permitted debt.

The consent solicitation will expire at 5 p.m. ET on April 3, unless extended.

Noteholders who consent will receive a $5.00 consent payment per $1,000 principal amount of notes following execution of the amendments and an additional $5.00 consent payment per $1,000 principal amount of notes on Sept. 15.

D.F. King & Co. (212 269-5550 or 800 290-6431) is information agent for the consent solicitation.

Radnor Holdings is a manufacturer and distributor of disposable foodservice products based in Radnor, Pa.

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