Reynolds Group $2.1 billion notes issue

Overview:

• Reynolds Group Holdings has issued $2.1 billion in senior secured notes.
• The placement consists of $1.35 billion of 5.125% notes due 2023, $750 million of floating rate notes due 2021, and $800 million of 7.000% senior notes due 2024.
• The proceeds of the issue will be used to repay existing notes.
• Reynolds Group produces packaging for the food and beverage industry.

Sam Duke - Editor