ATLANTA, Nov. 27, 2018 (GLOBE NEWSWIRE) -- WestRock Company (NYSE: WRK) today announced that its wholly owned subsidiary WRKCo Inc. has priced $750 million aggregate principal amount of 4.65% senior notes due March 15, 2026 and $750 million aggregate principal amount of 4.90% senior notes due March 15, 2029. The notes will be guaranteed by WestRock Company and certain of its subsidiaries.

WestRock intends to use the net proceeds of the offering for general corporate purposes and to prepay a portion of the amounts outstanding under its delayed draw credit facilities, which were entered into in connection with the acquisition of KapStone Paper and Packaging Corporation. The offering is expected to close on December 3, 2018, subject to the satisfaction of customary closing conditions.

About WestRock

WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 50,000 team members support customers around the world from more than 320 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com.