The firm, which produces a wide range of packaging for the cosmetic and pharmaceutical industries, has taken out €150m and set up a revolving credit facility of €250m to repay a €450m bank loan that had been due to mature in 2012/13.
Gerresheimer will also be redeeming a €126m high yield bond prior to maturity. In addition, it plans to issue a new corporate bond in the first six months of 2011 and has €200m in a medium term loan available until the new corporate bond is issued.