NEW YORK--(BUSINESS WIRE)--Reynolds Group Holdings Limited today announced that it had, through its wholly owned subsidiaries, completed the sale of $1,350 million aggregate principal amount of 5.125% Senior Secured Notes due 2023 (the “Fixed Rate Senior Secured Notes”), $750 million aggregate principal amount of Senior Secured Floating Rate Notes due 2021 (the “Floating Rate Senior Secured Notes” and, together with the Fixed Rate Senior Secured Notes, the “Senior Secured Notes”) and $800 million aggregate principal amount of 7.000% Senior Notes due 2024 (the “Senior Notes” and, together with the Senior Secured Notes, the “Notes”). The Fixed Rate Senior Secured Notes will mature on July 15, 2023, the Floating Rate Senior Secured Notes will mature on July 15, 2021 and the Senior Notes will mature on July 15, 2024. The Notes were sold in private offerings exempt from the registration requirements of the United States Securities Act of 1933, as amended (the “Securities Act”). The Notes were sold 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 has used or intends to use the net proceeds from the offering of the Notes, together with available cash and the proceeds from new borrowings under its existing securitization facility, to repay, redeem or discharge (i) all of the 7.125% Senior Secured Notes due 2019 (the “7.125% Senior Secured Notes”), the 7.875% Senior Secured Notes due 2019 (the “7.875% Senior Secured Notes”), the 8.500% Senior Notes due 2018 (the “8.500% Senior Notes”), the 9.000% Senior Notes due 2019 (the “9.000% Senior Notes”) and the 6.000% Senior Subordinated Notes due 2017 (the “6.000% Subordinated Notes”) and (ii) up to $691 million aggregate principal amount of its outstanding 9.875% Senior Notes due 2019 (the “9.875% Senior Notes” and, together with the 7.125% Senior Secured Notes, the 7.875% Senior Secured Notes, the 8.500% Senior Notes, the 9.000% Senior Notes and the 6.000% Senior Subordinated Notes, the “Existing Notes”).

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.