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Goodpack readies launch of $765 million in term loans for Tuesday
By Sara Rosenberg
New York, May 24 – Goodpack (IBC Capital) is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch $765 million in senior secured term loans, according to a market source.
Morgan Stanley Senior Funding Inc. and Credit Suisse Securities (USA) LLC are the leads on the deal.
The debt consists of a $595 million first-lien term loan and a $170 million second-lien term loan, the source said.
Proceeds will be used to refinance existing debt and pay down revolving credit facility borrowings.
Goodpack is a Singapore-based operator of a fleet of nestable and collapsible intermediate bulk containers.
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