Neenah Paper to redeem in full 7 3/8% notes with funds from note sale

By Marisa Wong

Madison, Wis., May 13 - Neenah Paper, Inc. said it plans to redeem in full its outstanding 7 3/8% senior notes due 2014 using proceeds from an upcoming offering of senior notes.

Remaining funds from the new notes issue will be used to repay borrowings under a secured revolving credit facility and for general corporate purposes.

Neenah is an Alpharetta, Ga.-based producer of paper and technical products.

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