ATLANTA--(BUSINESS WIRE)--
WestRock Company (NYSE: WRK) announced today that it has delivered
notices of its intention to redeem all of the outstanding 7.375% senior
notes due 2019 (CUSIP 583334AE7) issued by WestRock MWV, LLC (the “2019
Notes”) and all of the outstanding 3.500% senior notes due 2020 (CUSIP
772739AP3) issued by WestRock RKT, LLC (the “2020 Notes” and, together
with the 2019 Notes, the “Notes”). The notices are for the redemption of
$250 million aggregate principal amount of the 2019 Notes and $350
million aggregate principal amount of the 2020 Notes. The redemption
date for the Notes will be June 3, 2019.
The details concerning the terms and conditions of the redemptions are
fully described in the notices of redemption being sent on May 3, 2019
to record holders of the Notes. This press release is not a notice of
redemption. The redemption is made solely pursuant to the notices of
redemption.
This press release does not constitute an offer to buy or sell or the
solicitation of an offer to sell or buy securities.
Forward-Looking Statements
This release contains forward-looking statements that are based on
management’s current views and assumptions and are typically identified
by words or phrases such as “may,” “will,” “could,” “should,” “would,”
“anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe,” “target,” “prospects,” “potential” and “forecast,” and other
words, terms and phrases of similar meaning. Forward-looking statements
include statements such as that the redemption date for the Notes will
be June 3, 2019. Factors that may affect actual results include, but are
not limited to, economic, competitive and market conditions generally,
volumes and price levels of purchases by customers; and competitive
conditions in WestRock’s businesses and possible adverse actions of
their customers, competitors and suppliers. Please refer to the
cautionary statements set forth in Item 1A of WestRock’s Annual Report
on Form 10-K for the year ended September 30, 2018. WestRock undertakes
no duty to update forward-looking statements.
About WestRock
WestRock (NYSE: WRK) partners with our customers to provide
differentiated paper and packaging solutions that help them win in the
marketplace. WestRock’s team members support customers around the world
from locations spanning North America, South America, Europe, Asia and
Australia. Learn more at www.westrock.com.
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Investors:
James Armstrong, 470-328-6327
Vice
President, Investor Relations
james.armstrong@westrock.com
John Stakel, 678-291-7901
Senior Vice President, Treasurer
john.stakel@westrock.com
Media:
John Pensec, 470-328-6397
Director, Corporate
Communications
john.pensec@westrock.com
Source: WestRock Company