MeadWestvaco Buying Back $314M In Notes
Stock quotes in this article:
MWV
RICHMOND, Va. (AP) — MeadWestvaco Corp. said Wednesday that $314 million in notes were tendered in response to the packaging company's offer to buy back the securities.
Including interest due, the company will pay $345.9 million to buy back all validly tendered notes, which carry a 6.85 percent interest rate and mature in 2012. After settlement, there will be $318.8 million in notes not held by the company or its affiliates. Citi and UBS Securities LLC acted as lead dealer managers in the offer. MeadWestvaco shares rose 42 cents to $23.35 in afternoon trading.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,325.42 | 1,097.43 | 2,185.75 | 33.82 |
Oil *
75.39
|
|
DOWN
64.69
|
DOWN
5.82
|
DOWN
3.86
|
DOWN
0.66
|
10 Yr
3.38%
SPDR Gold
112.64
|
|
-0.62%
|
-0.53%
|
-0.18%
|
-1.91%
|
Data delayed 20 minutes |
