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WestRock unit plans to sell senior notes via five bookrunners
By Devika Patel
Knoxville, Tenn., June 1 – WestRock Co. subsidiary WRKCo Inc. expects to sell fixed-rate senior notes, according to a 424B5 filed with the Securities and Exchange Commission.
The notes will be fully and unconditionally guaranteed by WestRock Co., WestRock MWV, LLC and WestRock RKT, LLC.
The notes feature a make-whole call and then a par call.
BofA Securities, Inc., Wells Fargo Securities LLC, Rabo Securities, SMBC Nikko Securities America Inc. and SunTrust Robinson Humphrey Inc. are the bookrunners.
Proceeds will be used to repay all $100 million of WRK MWV’s 9.75% notes due on June 15, 2020 at maturity and to reduce debt under the company’s receivables securitization facility and under its 2015 credit facility and for general corporate purposes.
WestRock is an Atlanta-based paper and packaging manufacturer.
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