Solo Cup prepays $60 million of first-lien term loan by drawing on revolving facility

By Sara Rosenberg

New York, May 13 - Solo Cup Co. prepaid $60 million of its first-lien term loan in March using revolver borrowings, according to a 10-Q filed with the Securities and Exchange Commission on Wednesday.

As a result of the paydown, there are no remaining scheduled principal repayments on the term loan and the final balloon payment of about $302 million is due on Feb. 27, 2011.

Solo Cup is a Highland Park, Ill.-based manufacturer of single-use products used to serve food and beverages.

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