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Published on 6/15/2015 in the Prospect News Bank Loan Daily.

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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