Casey Container reports plans for $10 million stock purchase agreement

Company sells $5 million of equity and $5 million of long-term 6% debt

By Devika Patel

Knoxville, Tenn., April 8 - Casey Container Corp. said it has arranged a $10 million stock purchase agreement consisting of $5 million in equity and $5 million in long-term debt on April 3.

The company will issue 40% of its outstanding common shares in exchange for $5 million. Casey will also offer a $5 million 6% long-term note.

Casey Container is a Scottsdale, Ariz., designer and custom manufacturer of biodegradable PET, HDPE and other plastic polymer preforms, bottles and containers for use in the bottled water, beverage and consumer products industries.

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