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Article: U.S. Can Announces Completion of $125 Million of 10-7/8% Second Priority Senior Secured Notes Offering and Amendments to Credit Facilities.
- Article from:
- PR Newswire
- Article date:
- July 22, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOMBARD, Ill., July 22 /PRNewswire/ -- U.S. Can Corporation announced today that its wholly owned Subsidiary, United States Can Company (the "Company"), has completed the offering of $125 million of its 10-7/8% senior secured notes due 2010. The notes are secured, on a second priority basis, by substantially all of the collateral that currently secures the Company's senior secured credit facility. The second priority senior secured notes were offered in the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States pursuant to Regulation S under the ...