Reynolds Group to redeem all €480 million of 8% notes via offering

By Tali David

Minneapolis, Nov. 12 - Reynolds Group Holdings Inc. plans to redeem the €480 million principal amount of its existing 8% senior notes due 2016 with the proceeds from a new private offering of senior notes, according to a press release.

Proceeds from the $650 million offering of notes due 2016 will also be used to pay related fees and expenses.

Reynolds Group makes consumer food and beverage packaging and storage products. It is based in Auckland, New Zealand.

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