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Published on 6/14/2011 in the Prospect News Bank Loan Daily and Prospect News Private Placement Daily.

Packers Holdings gets senior debt, revolver and mezzanine financing

By Sara Rosenberg

New York, June 14 - Packers Holdings LLC obtained senior debt, a revolving credit facility and mezzanine financing for its buyout by Harvest Partners LP from Blue Point Capital Partners LLC, according to a news release.

The senior debt was provided by the Senior Secured Loan Program, which is jointly managed by an affiliate of GE Capital and Ares Capital Corp. GE Antares Capital provided the revolver, and the mezzanine debt came from DLJ Investment Partners.

Packers Holdings is a Kieler, Wis.-based provider of critical outsourced cleaning and sanitation services to the food processing industry.


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