Reynolds Consumer Products Announces Extended and Upsized Revolving Credit Facility
Reynolds Consumer Products Inc. (REYN)
Company Research
Source: Business Wire
LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”), a leading provider of household products, today announced an amendment to its credit agreement that provides a new revolving credit facility through a syndicate of banks led by Wells Fargo.The parties replaced an undrawn $250 million senior secured revolving credit facility maturing in February 2026 with an undrawn $700 million senior secured revolving credit facility maturing in October 2029 under the credit agreement. The sizing places the revolving facility more in line with companies with similarly strong credit characteristics.The Company’s senior secured term loan facility under the credit agreement continues to mature in February 2027 and had outstanding indebtedness of $1.784 billion on June 30, 2024.“Our capital allocation priorities remain unchanged and we are pleased to successfully extend and upsize our revolving credit facility as part of our ongoing work to optimize ou
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- Reynolds Consumer Products Inc. (NASDAQ: REYN) had its price target lowered by analysts at Barclays PLC from $29.00 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
REYN
Earnings
- 10/30/24 - In-Line
REYN
Sec Filings
- 12/19/24 - Form 4
- 12/9/24 - Form 4
- 12/9/24 - Form 4
- REYN's page on the SEC website