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Exopack marketing $100 million add-on to 11¼% notes due 2014
By Paul A. Harris
St. Louis, Sept. 21 - Exopack Holding Corp. is expected to price a $100 million add-on to its 11¼% senior notes due Feb. 1, 2014 on Wednesday, according to a market source who added that Goldman Sachs & Co. is running the books.
The notes become callable after Feb. 1, 2011 at 102.813.
Proceeds from the Rule 144A and Regulation S offer, along with cash on hand, will be used to repay the company's $100 million term loan.
Exopack is a flexible packaging company and provider of paper and plastic packaging solutions.
The company, which is headquartered in Spartansburg, S.C., priced the original $220 million issue in January 2006.
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