Multi Packaging Solutions to use IPO proceeds to pay down term loans

By Angela McDaniels

Tacoma, Wash., Oct. 21 – Multi Packaging Solutions International Ltd. plans to repay a portion of its term loans, according to a company news release.

The company will use the net proceeds of its $214.5 million initial public offering and $7.5 million of cash on hand to repay the term loans and to pay related premiums and accrued interest.

The IPO is expected to settle Tuesday.

The packaging maker is based in New York.

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