Expera Specialty Solutions to launch $180 million term B on Thursday

By Sara Rosenberg

New York, May 24 - Expera Specialty Solutions LLC scheduled a bank meeting for Thursday to launch a $180 million seven-year term loan B, according to sources.

Goldman Sachs & Co. and GE Capital Markets are the lead banks on the deal.

Proceeds will be used to help fund the formation of the company by KPS Capital Partners LP, through the acquisition and combination of Wausau Paper Corp.'s specialty paper business and Packaging Dynamics Corp.'s specialty paper business.

Completion of the transactions is expected to occur simultaneously during the second or third quarter, subject to customary conditions.

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