Business News
Bemis Launches Senior Notes Offering to Finance Acquisition
Tuesday 21. July 2009 - Bemis Company, Inc. (NYSE:BMS) announced today that it has priced an $800 million underwritten public offering of senior notes, including $400 million aggregate principal amount of 5.650% senior notes due 2014 and $400 million aggregate principal amount of 6.800% senior notes due 2019. The Company will pay interest on the notes semi-annually on February 1st and August 1st of each year, beginning on February 1, 2010.
The Company intends to use the net proceeds from the offerings to finance a portion of the $1.213 billion purchase price of its previously announced acquisition of Alcan Packaging Food Americas, a business unit of Rio Tinto plc. The Company will be required to redeem the notes in the event the acquisition does not occur. The senior notes offering is expected to close by July 27, 2009, subject to customary closing conditions.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. J.P. Morgan Securities Inc., Bank of America Merrill Lynch, BNP Paribas Securities Corp. and Wells Fargo Securities, LLC are the joint bookrunning managers of the offering.
The Company has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and applicable prospectus supplement and other documents the Company has filed or will file with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website. Alternatively, the Company, any underwriter or any dealer participating in the offerings will arrange to send you the prospectus relating to the offering if you request it by calling J.P. Morgan Securities Inc. at 212-834-4533, Bank of America Merrill Lynch at 800-294-1322, BNP Paribas Securities Corp. at 800-854-5674 or Wells Fargo Securities, LLC at 800-326-5897.