CPG plans new debt for buyout by Ares and Ontario Teachers' Pension

By Sara Rosenberg

New York, Aug. 19 - CPG International Inc. is expected to get new debt to help fund its acquisition by Ares Management LLC and Ontario Teachers' Pension Plan from AEA Investors LP, according to a market source.

Closing is subject to regulatory approval and other customary conditions.

J.P. Morgan Securities, LLC and UBS Investment Bank acted as co-financial advisers to Ares and Teachers', and Barclays and Deutsche Bank Securities Inc. acted as co-financial advisers to CPG.

CPG is a Scranton, Pa.-based manufacturer of highly engineered low-maintenance building materials.

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