Thursday 25. November 2010
Pactiv Announces Extension of the Change of Control Offer for Its 5.875% Notes Due 2012
Pactiv Corporation (“Pactiv”), an indirect wholly-owned subsidiary of Reynolds Group Holdings Limited (“Reynolds Group”), announced today that it was extending the expiration time of its offer to purchase for cash any and all of its outstanding 5.875% Notes due 2012 (the “2012 Notes”). The change of control offer for Pactiv’s 2012 Notes, which had been scheduled to expire at 12:00 a.m., New York City time, on November 20, 2010, will now expire at 8:00 a.m., New York City time, on November 29, 2010, unless extended or earlier terminated. The terms of the change of control offer otherwise remain as set forth in the Notice of Change of Control and Offer to Purchase (the “Notice of Change of Control Offer”), dated October 20, 2010, that Pactiv previously distributed to the holders of the 2012 Notes.