Tuesday 05. October 2010
Reynolds Group Holdings Limited Announces Entry into Bank Amendment and Anticipated Funding of Pactiv Acquisition
Reynolds Group Holdings Limited (“Reynolds Group”) previously announced on 8 September 2010 that it intended to finance the acquisition of Pactiv Corporation (“Pactiv”) and associated transaction costs with a combination of approximately US$1.5 billion of additional indebtedness pursuant to an amendment to its existing Senior Secured Credit Facility, approximately US$3.5 billion of new senior indebtedness, of which approximately US$2.0 billion was expected to be secured, and approximately US$734 million of new equity and available cash.