Reynolds Consumer Products extends revolver to $700 million, maturing October 2029
Reynolds Consumer Products amended its credit agreement to replace its undrawn $250 million revolving credit facility, due February 2026, with an undrawn $700 million facility maturing October 2029. The term loan facility still matures in February 2027, and the company said it continues to monitor market conditions for refinancing that loan.
- Revolving credit facility increased from $250 million to $700 million, and both facilities were undrawn
- Revolver maturity extended from February 2026 to October 2029
- Senior secured term loan, maturing February 2027, had $1.784 billion outstanding on June 30, 2024
- Wells Fargo Bank, National Association was lead left arranger and syndication agent