Pretium Packaging plans to redeem senior secured notes after merger

By Susanna Moon

Chicago, May 1 - Pretium Packaging, LLC said it expects to redeem its senior secured notes, conditioned on the sale of the company.

Pretium's parent company entered into a definitive agreement to be acquired by Genstar Capital, a private equity firm based in San Francisco, according to a company press release.

The sale is expected to close in June.

Pretium Packaging, based in Chesterfield, Mo., is a manufacturer of customized, high-performance rigid plastic bottles and containers.

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