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· Business (Tobacco)
· Smokeless
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· RJR
· Conwood
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Jump to full article: PR Newswire, 2006-05-11
Author: SOURCE Reynolds American Inc.
Intro: Reynolds American Inc. (NYSE: RAI) announced today that it is planning a private offer of $1.65 billion aggregate principal amount of senior secured notes due 2013, 2016 and 2018 (the "Notes"). RAI intends to use the net proceeds from this offering, together with available cash and borrowings under a new secured term loan facility, to fund its previously announced agreement to acquire a to-be-formed holding company that will own Conwood Company, L.P., Conwood Sales Company, L.P., Rosswil LLC and Scott Tobacco LLC (collectively, "Conwood").
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