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Constantia Flexibles to launch U.S. and euro term B repricing Tuesday
By Sara Rosenberg
New York, June 15 – Constantia Flexibles will hold a call on Tuesday to launch a repricing of its U.S. and euro term loan B debt, according to a market source.
J.P. Morgan Securities LLC and UniCredit are the leads on the deal.
The repriced loans are talked at Libor/Euribor plus 300 basis points to 325 bps with a 0.75% floor and a par issue price, the source said.
This transaction will take pricing on the loans down from Libor/Euribor plus 375 bps with a 1% floor.
Commitments are due during the week of June 22, the source added.
Constantia Flexibles is a Vienna-based manufacturer of flexible packaging products and labels.
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