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WestRock grosses $499.8 million from debt offering

WestRock Co. raised gross proceeds of $499.8 million from an offering of 3.375% senior unsubordinated unsecured notes due Sept. 15, 2027.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

BB&T Capital Markets Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., MUFG Securities Americas Inc., Rabo Securities USA Inc. and Scotia Capital (USA) Inc. were the lead underwriters.

Barclays Capital Inc., BNY Mellon Capital Markets LLC, Fifth Third Securities Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, RBC Capital Markets LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC also served as underwriters for the offering.