Multi Packaging to launch $135 million incremental loan on Thursday

By Sara Rosenberg

New York, Nov. 4 – Multi Packaging Solutions Inc./Chesapeake MPS Merger Ltd. is set to hold a call at 10 a.m. ET on Thursday to launch a $135 million non-fungible incremental term loan due Sept. 30, 2020, according to a market source.

Barclays is the bookrunner on the deal.

The term loan is talked at Libor plus 325 basis points with a 1% Libor floor and an original issue discount that is still to be determined, the source said.

Proceeds will be used to fund the acquisition of the North American and Asian Print businesses from ASG Group

Multi Packaging/Chesapeake is a New York-based provider of value-added packaging services.

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