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Australia's Amcor to raise $850 mln in debt

Wed Nov 18, 2009 8:07pm EST

Stocks

   

SYDNEY, Nov 19 (Reuters) - Amcor Group Ltd (AMC.AX), an Australian packaging company, plans to raise $850 million in debt from the U.S. private placement market, the company said in a statement on Thursday.

Amcor would use the proceeds in part to replace bank borrowings, the company added.

For full details, see: here urn:newsml:reuters.com:20091119:ASX_3A328365 (Reporting by Denny Thomas;) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))


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