RockTenn announces expiration of exchange offers for its 4.450% senior notes due 2019, 3.500% senior notes due 2020, 4.900% senior notes due 2022, 4.000% senior notes due 2023
March 22, 2013
– RockTenn announced today the expiration of its offers (the "exchange offers") to exchange all of its outstanding 4.450% Senior Notes due 2019 (the "Original 2019 Notes") for its 4.450% Senior Notes due 2019, which have been registered under the Securities Act of 1933, as amended (the "Securities Act") (the "Exchange 2019 Notes"), 3.500% Senior Notes due 2020 (the "Original 2020 Notes") for its 3.500% Senior Notes due 2020, which have been registered under the Securities Act (the "Exchange 2020 Notes"), 4.900% Senior Notes due 2022 (the "Original 2022 Notes") for its 4.900% Senior Notes due 2022, which have been registered under the Securities Act (the "Exchange 2022 Notes") and 4.000% Senior Notes due 2023 (the "Original 2023 Notes" and, together with the Original 2019 Notes, the Original 2020 Notes and the Original 2022 Notes, the "Original Notes") for its 4.000% Senior Notes due 2023, which have been registered under the Securities Act (the "Exchange 2023 Notes" and, together with the Exchange 2019 Notes, the Exchange 2020 Notes and the Exchange 2022 Notes, the "Exchange Notes").
The exchange offers expired at 5:00 p.m., New York City time, on March 21, 2013. RockTenn has been advised that $350 million in aggregate principal amount of the Original 2019 Notes, $350 million in aggregate principal amount of the Original 2020 Notes, $399 million in aggregate principal amount of the Original 2022 Notes and $350 million in aggregate principal amount of the Original 2023 Notes were validly tendered and not validly withdrawn prior to the expiration of the exchange offers. RockTenn expects that settlement of the exchange offers will occur on or about March 26, 2013.
This press release shall not constitute an offer to exchange nor a solicitation of an offer to exchange the Original Notes. The exchange offers were made only pursuant to the prospectus dated February 21, 2013 and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.
RockTenn RKT +0.55% is one of North America's leading integrated manufacturers of corrugated and consumer packaging. RockTenn's 26,000 employees are committed to exceeding their customers' expectations - every time. The Company operates locations in the United States, Canada, Mexico, Chile, Argentina and China.