Kappa Beheer to sell €95 million add-on to 10 5/8% notes due 2009

By Paul A. Harris

St. Louis, May 15 - Kappa Beheer BV announced in a Thursday press release that it will offer a €95 million add-on to its 10 5/8% senior subordinated notes due 2009.

The Netherlands recycled containerboard producer will use proceeds from the Rule 144A notes to redeem its outstanding 12½% senior subordinated notes due 2009.

The original €370 million 10 5/8% senior subordinated note deal priced in 1999.

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