Hilex Poly readies launch of $160 million term loan for Thursday

By Sara Rosenberg

New York, Sept. 21 - Hilex Poly Co. is scheduled to hold a bank meeting on Thursday to launch its proposed $160 million six-year term loan, according to a market source.

Deutsche Bank and GE Capital are the lead banks on the deal.

Proceeds will be used to refinance existing debt and fund a dividend.

Hilex Poly is a Hartsville, S.C.-based producer of recycled content plastic bags and recycler of plastic bags and film.

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