Deals this week: Reynolds Group Holdings, Stone Canyon Industries, Evraz Group

16 June 2016 (Last Updated June 16th, 2016 18:30)

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.

BWAY Corporation

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."

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.