Kruger Products completes C$175 million high yield note offering
Date Closed
August 9, 2011
Lead Office
Montréal
Value
175.00 Million CAD
On August 9, 2011, Kruger Products L.P. completed an offering by way of private placement of C$175 million aggregate principal amount of 8.0% senior unsecured notes due August 9, 2018. The net proceeds from the offering were used to repay certain outstanding indebtedness of Kruger Products and for general corporate purposes. The offering was underwritten by a syndicate of underwriters led by Scotia Capital Inc. (as sole book-runner) and included National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., Merrill Lynch Canada Inc., CIBC World Markets Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Laurentian Bank Securities Inc.
Kruger Products, headquartered in Montréal, Québec, is Canada's leading manufacturer and distributor of tissue, towel and napkin products