U.S. Markets open in 29 mins

WRKCo Inc. -- Moody's rates WestRock's new senior unsecured notes Baa2

The notes will be unsecured senior obligations of WRKCo Inc. and will rank equally with the company's existing unsecured senior indebtedness. WestRock intends to use the net proceeds of this offering to repay existing debt, including bonds due in 2019 and 2020, as well as a portion of term loan and commercial paper outstandings.