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Article: Radnor Holdings Corporation Completes Sale of $70 Million of Senior Secured Notes.
- Article from:
- PR Newswire
- Article date:
- April 27, 2004
CopyrightCOPYRIGHT 2004 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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RADNOR, Pa., April 27 /PRNewswire/ -- Radnor Holdings Corporation ("Radnor") announced today the completion of the sale of $70.0 million of its senior secured floating rate notes due 2009. The notes bear interest equal to LIBOR plus 6.75% per year, adjusted quarterly. The proceeds of the sale of the notes were used to repay certain bank term and revolving credit borrowings under Radnor's current senior credit agreements.
The notes have been sold in the United States to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The notes have not been registered under the Securities Act and may ...