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BWAY Corporation
BWAY Corporation Announces Senior Subordinated Notes Offering
April 11th, 2009
BWAY Corporation (the "Company"), the principal operating subsidiary of BWAY Holding Company (NYSE: BWY), announced that it intends to privately place a new issuance of senior subordinated notes due 2014 and use the net proceeds from the offering to redeem $200 million principal amount of its outstanding 10% senior subordinated notes due October 15, 2010. The notes will be unsecured and subordinated to all of the Company's existing and future senior debt, including its existing credit facilities. Each of the Company's wholly-owned U.S. subsidiaries will guarantee the notes with a guarantee that will be unsecured and subordinated to all existing and future senior debt of...
Source: Law & Health Weekly (2009-04-11)
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