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ProAmpac readies launch of $1.8 billion term loan for Thursday
By Sara Rosenberg
New York, May 12 – ProAmpac is set to hold a lender call at 9 a.m. ET on Thursday to launch a $1.8 billion term loan, according to a market source.
Antares Capital is the lead arranger on the deal.
Proceeds will be used to reprice an existing term loan from Libor plus 400 basis points with a 1% Libor floor.
ProAmpac, a Pritzker Private Capital portfolio company, is a Cincinnati-based manufacturer of flexible packaging and material science solutions.
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