AEP Industries Inc. Completes Offering of $200 Million Senior Subordinated Notes Due 2007.SOUTH HACKENSACK, N.J.--(BUSINESS WIRE)--Nov. 19, 1997--AEP Industries Inc. (Nasdaq:AEPI) announced today that it has completed the previously announced offering of $200 million in aggregate principal amount of 9.875% Senior Subordinated Notes due November 15, 2007 (the "Notes"). The issue price was 99.224% resulting in an effective yield of 10%. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the Notes have been used to repay a portion of the indebtedness outstanding under the Company's outstanding Credit Agreement. The offering was lead managed by J.P. Morgan Securities Inc. and co-managed by Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. & Co. Incorporated and Salomon Brothers
Salomon Brothers was a Wall Street investment bank. Inc. The sale of the Notes has not been registered under the Securities Act of 1933, as amended, and the Notes may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. absent registration or an applicable exemption from registration requirements. AEP AEP - Application Environment Profile Industries Inc. manufactures, markets, and distributes an extensive range of plastic packaging products for the food/beverage, industrial and agricultural markets. The Company has operations in 12 countries throughout North America, Europe, Asia/Pacific and Africa. CONTACT: AEP Industries Inc., South Hackensack Paul Feeney Executive Vice President and Chief Financial Officer (201) 807-2330 e-mail: paulf@aepind.com or Morgen-Walke Associates, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Investor Contact: June Filingeri, Jennifer Miller Media Contact: Stan Froelich (212) 850-5600 |
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