Graeme Hart wants Reynolds to bring down $18b debt - but IPO not an option
NBR Staff Wed, 05 Mar 2014
Billionaire Graeme Hart, whose Reynolds Group has some US$18 billion of debt and carries a junk credit rating, has ordered executives in the packaging empire to reduce leverage although an equity raising isn't in the immediate offing.
Reynolds has a B3 credit rating at Moody's Investors
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