RockTenn to Redeem Outstanding 9 1/4% Senior Notes Due 2016
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RockTenn Co., Norcross, Ga., USA, this week announced that it intends to redeem $300,000,000 of its 9 1/4% Senior Notes due 2016 March 2016 Notes), representing all of the March 2016 Notes outstanding. The redemption will be made in accordance with the terms of the indenture governing the March 2016 Notes and the terms of the notice of redemption.
Rock-Tenn expects the March 2016 Notes to be redeemed on March 15 (Redemption Date) at a redemption price equal to 104.625% of the principal amount of the March 2016 Notes, plus the accrued and unpaid interest, if any, to but excluding the Redemption Date.
A notice of redemption is being mailed to all registered holders of the March 2016 Notes. Copies of the notice of redemption may be obtained from HSBC Bank USA, National Association by calling 212-525-1404.
RockTenn, with net sales of $10 billion, has some 26,000 employees. The company operates facilities in the U.S., Canada, Mexico, Chile, Argentina, and China.
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