Reynolds Group Holdings is seeking to increase its current secured credit facility by $850 million to an aggregate of $1.35 billion. According to a related 8-K filing, Credit Suisse serves as administrative agent for the current facility.

Reynolds Group intends to use the net proceeds of the incremental term loans, together with available cash, to redeem or repurchase any and all outstanding 5.625% senior notes due 2016 and 9.875% senior notes due 2019, up to $500 million aggregate principal amount of outstanding 8.250% senior notes due 2021 and up to $350 million aggregate principal amount of outstanding 6.875% senior secured notes due 2021, and to pay related fees and expenses.

Auckland, New Zealand-based Reynolds Group is a global manufacturer and supplier of consumer food and beverage packaging and storage products.