Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Parana > News item |
Turning Point plans new revolver, to repay existing credit facility
Chicago, Feb. 1 – Turning Point Brands, Inc. plans to repay its 2018 credit facility with proceeds from a new offering of five-year senior secured notes, according to a market source and an 8-K filing with the Securities and Exchange Commission.
The credit facility consisted of a term loan and a revolver.
Additionally, in connection with the new notes, the company plans to enter into a new $25 million senior secured credit facility.
The new offering of notes was launched at $250 million and is not conditioned on the new revolver.
Turning Point is a Louisville, Ky.-based tobacco products supplier.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.