Corrugated packaging firm WestRock has priced $500m aggregate principal amount of 3.00% senior notes due 2024 and $500m aggregate principal amount of 3.375% senior notes due 2027.
The notes will be guaranteed by certain WestRock subsidiaries.
WestRock intends to use the net proceeds of the offering to repay approximately $990 million of indebtedness. The offering is expected to close on August 24, 2017, subject to satisfaction of customary closing conditions.
The notes and the guarantees have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction.
As a result, the notes may not be offered or sold within the United States to or for the account or benefit of any U.S. person unless the offer or sale would qualify for a registration exemption under the Securities Act and applicable state securities laws.
Accordingly, the notes are being offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to certain persons outside the United States in accordance with Regulation S under the Securities Act.
