NEW YORK--(BUSINESS WIRE)--Reynolds Group Holdings Limited today announced that through its wholly owned subsidiaries it intends to commence a private offering of $250 million aggregate principal amount of additional 5.125% Senior Secured Notes due 2023. The original 5.125% Senior Secured Notes due 2023 were issued in an aggregate principal amount of $1,350 million on June 27, 2016 (the “Original Notes”). The Additional Notes and the Original Notes will be treated as the same series for all purposes under the indenture that governs the Original Notes and will govern the Additional Notes.

The Additional 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 Additional 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 of the incurrence of indebtedness under our previously announced new senior secured credit facilities, to repay all amounts outstanding under our existing senior secured credit facilities, to pay transaction costs and to use the remaining proceeds, if any, for general corporate purposes.

The Additional Notes have not been and will not be registered under the Securities Act and may not be offered or sold within the United States absent registration or an applicable exemption from the registration requirements.

This press release is for informational purposes only and is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful.

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.