P. H. Glatfelter (GLT) announced that it has priced its offering of $250 million in aggregate principal amount of 5.375% senior notes due 2020, which represents an increase of $50 million of its previously announced offering. The offering of the Notes is expected to close on October 3, 2012, subject to certain closing conditions.
The net proceeds from the offering of the Notes are expected to be used to fund the previously announced cash tender offer by Glatfelter for any and all of its outstanding 7?% senior notes due 2016, to retire any 2016 Notes not purchased in such tender offer through one or more redemptions, subsequent tender offers or open market purchases (although Glatfelter is under no obligation to take any such actions), to repay amounts outstanding under its credit facility and for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.