Business News

Reynolds Group Holdings Limited Completes Amendment to Senior Secured Credit Facility

Monday 14. February 2011 - Reynolds Group Holdings Limited ("Reynolds Group") today announced that it entered into an amendment agreement amending and restating its existing Senior Secured Credit Facility pursuant to which incremental lenders provided incremental U.S. term loans in an aggregate principal amount equal to $2,325,000,000 and European term loans in an aggregate principal amount equal to €250,000,000.

The proceeds of the new term loans were used to repay, at par, $500,000,000 of U.S. Tranche A Term Loans, $1,015,674,609.36 of U.S. Tranche B Term Loans, $790,000,000 of U.S. Tranche C Term Loans and €243,750,000 of European Term Loans and to partially pay accrued interest on such term loans and related fees and expenses.