NEW YORK--(BUSINESS WIRE)--Reynolds Group Holdings Limited today announced that through its wholly owned subsidiaries it intends to commence a private offering of $2,100 million aggregate principal amount of Senior Secured Notes, comprised of Senior Secured Fixed Rate Notes due 2023 and Senior Secured Floating Rate Notes due 2021 and $800 million aggregate principal amount of Senior Notes due 2024 (collectively, the “Notes”).

The notes will be offered in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended (the “Securities Act”). The notes will be offered only to qualified institutional buyers pursuant to Rule 144A and to certain persons outside the United States pursuant to Regulation S, each under the Securities Act.

Reynolds Group intends to use the net proceeds of the offering, together with available cash and the proceeds from new borrowings under its existing securitization facility, to repay, redeem or discharge (i) all of its 7.125% Senior Secured Notes due 2019, its 7.875% Senior Secured Notes due 2019, its 8.500% Senior Notes due 2018, its 9.000% Senior Notes due 2019 and its 6.000% Senior Subordinated Notes due 2017 and (ii) up to $691 million aggregate principal amount of its outstanding 9.875% Senior Notes due 2019, and to use the remaining proceeds, if any, for general corporate purposes.

About Reynolds Group:

Reynolds Group is a leading global manufacturer and supplier of consumer food and beverage packaging and storage products. Additional information regarding Reynolds Group is available at www.reynoldsgroupholdings.com.