May 27, 2011. /Lesprom Network/. RockTenn and Smurfit-Stone Container Corporation announced the results of their meetings of shareholders. Both RockTenn and Smurfit-Stone shareholders approved the merger as more than 99% of the RockTenn shares that voted at the meeting voted “FOR” the merger and more than 91% of the Smurfit-Stone shares that voted at the Smurfit-Stone meeting voted “FOR” the merger. RockTenn Chairman and CEO James A. Rubright stated, “We are pleased with the strong support that both RockTenn and Smurfit-Stone shareholders had for this transaction and are excited about the opportunity to create additional value for our customers, shareholders and employees. The acquisition of Smurfit-Stone brings us one step closer to making RockTenn the most respected and profitable integrated paperboard and packaging company in North America. We welcome the former Smurfit-Stone customers to RockTenn and look forward to providing them with exceptional product quality and service.” In conjunction with the acquisition of Smurfit-Stone, RockTenn closed on $4.3 billion of debt financing, consisting of a $1.475 billion, 5-year revolving credit facility; a $1.475 billion, 5-year term loan facility; a $750 million, 7-year term loan facility and a $625 million, 3-year accounts receivable securitization facility. The borrowings under the new debt facilities were used in part to finance the merger, to repay outstanding indebtedness of Smurfit-Stone, to refinance RockTenn’s existing credit facilities, to pay for fees and expenses incurred in connection with the acquisition of Smurfit-Stone and to provide liquidity for general corporate purposes of approximately $1 billion. RockTenn manufactures corrugated and consumer packaging and recycling solutions. The Company operates locations in the United States, Canada, Mexico, Chile, Argentina and China.