AEP Industries Inc. Announces $200M Senior Note Offering

AEP Industries Inc. AEPI announced today its intention to offer $200 million in aggregate principal amount of senior notes due 2019. The proceeds from the offering will be used to purchase the existing 7.875% Senior Notes due 2013 and pay the fees and expenses related to the offering and the tender offer and consent solicitation and, to the extent necessary, to redeem any remaining 7.875% Senior Notes due 2013 upon the completion of the tender offer and consent solicitation. The Company intends to use the remaining proceeds to repay all or a portion of the amounts outstanding under the Company's credit facility.