SSCC Issues Senior Notes
- Published: October 26, 2007
Smurfit Stone Container Corp. announced that its wholly owned subsidiary, Smurfit-Stone Container Enterprises, plans to issue up to $675 million of Senior Notes ("New Notes"), maturing in 2017. The New Notes will be issued in a private placement to qualified institutional buyers.Net proceeds from issuance of the New Notes, together with additional borrowings under SSCE's senior secured credit facility, will be used to repurchase all of SSCE's outstanding 93/4% Senior Notes due 2011.