Glatfelter (NYSE: GLT) is planning to sell $100 million of debt securities in the first quarter of 2010. The notes will be sold in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended. The company is going to use their proceeds along with borrowing from its revolving credit facility and cash on hand, to fund the acquisition of Concert Industries Corp., by its 100% owned subsidiary, Glatfelter Canada Inc.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
Headquartered in York, PA, Glatfelter is a global manufacturer of specialty papers and engineered products, offering over a century of experience, technical expertise and world-class service. U.S. operations include facilities in Spring Grove, PA and Chillicothe and Fremont, OH.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
