Reynolds Consumer Products Inc. (REYN): debt financing — Reynolds Consumer Products refinances $1.645B term loan, extends maturity to 2032, cuts spread by 10 bps

Reynolds Consumer Products Inc.

Refinanced remaining $1.645B of original $2.475B term loan; new facility matures in March 2032, extending maturity by ~5 years.
New term loan priced at SOFR + 1.75%, a 10 bps reduction from prior rate, with no original issue discount.
JP Morgan served as lead-left arranger; existing revolving credit facility (matures Oct 2029) unchanged.
CFO cites strong free cash flow and disciplined capital management; refinancing enhances financial flexibility.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Reynolds Consumer Products Inc. incurred term loan of $1,644,562,500 at term SOFR plus 1.75% per annum maturing March 2032.

Instrument: term loan
Principal: $1,644,562,500
Rate: term SOFR plus 1.75% per annum
Maturity: March 2032
Event: incurrence

Exact text from the filing

Amendment No. 4 replaces the outstanding senior secured term loans under the Credit Agreement with new senior secured term loans in an aggregate principal amount of $1,644,562,500 (the “New Term Loans”).

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Reynolds Consumer Products Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-009801

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