New Zealand’s Reynolds Group Holdings will offer its senior secured fixed-rate notes, due 2023, and floating rate notes, due 2021, to raise funds worth $2.1bn.
The company produces and distributes food, beverage packaging and storage solutions.
Reynolds Group had previously announced plans to issue senior notes due 2024 in a private offering to secure $800m.
BWAY, a producer of rigid metal and plastic containers, will be acquired by Stone Canyon Industries according to a definitive agreement the latter signed with Platinum Equity.
The transaction worth $2.4bn is expected to be closed by the end of August, subject to regulatory approval and customary closing conditions.
Steel-making and mining company Evraz Group has issued notes to secure $500m in funding.
Due in 2022, the notes bear a coupon rate of 6.75% a year.
Nucor has announced that it will form a joint venture with JFE Steel Corporation, a Japanese integrated steel producer, to set up a $270m plant in central Mexico.
The plant will serve Mexico’s automotive industry and have a capacity of 400,000t/y of galvanised sheet steel.
Both companies will have an equal stake in the joint venture, named Nucor-JFE Steel Mexic, and supply an equal amount of substrate for processing.
Image: BWAY Corporation offers comprehensive packaging solutions to a wide base of customers. Photo: courtesy of Pixabay.