RockTenn announces credit agreement amendment
Nov 18, 2011. Rock-Tenn Company and Rock-Tenn Company of Canada/Compagnie Rock-Tenn Du Canada announced they are launching an amendment to the $3.7 billion Credit Agreement dated as of May 27, 2011 that will permit the issuance of debt that can be secured on an equal and ratable basis with the Credit Agreement so long as no portion of the Term Loan B remains outstanding.
Nov 18, 2011. /Lesprom Network/. Rock-Tenn Company and Rock-Tenn Company of Canada/Compagnie Rock-Tenn Du Canada announced they are launching an amendment to the $3.7 billion Credit Agreement dated as of May 27, 2011 that will permit the issuance of debt that can be secured on an equal and ratable basis with the Credit Agreement so long as no portion of the Term Loan B remains outstanding.
The amendment will also provide for a new $200 million Term Loan tranche and will amend other terms of a technical nature. Wells Fargo Bank, N.A. is the administrative agent on the Credit Facility and Bank of America, N.A., acting through its Canada Branch, is the Canadian administrative agent on the Credit Facility.
RockTenn is one of North America's leading integrated manufacturers of corrugated and consumer packaging and recycling solutions. The Company operates locations in the United States, Canada, Mexico, Chile, Argentina and China.