Multi Packaging to call $200 million 8½% notes due 2021 via new loans

By Susanna Moon

Chicago, Sept. 16 – Multi Packaging Solutions International Ltd. plans to redeem its $200 million principal amount of 8½% senior notes due 2021 on Oct. 17.

The redemption is contingent on the company obtaining financing, according to a company announcement.

The company said it plans to fund the proposed redemption with proceeds of a dollar tranche B term loan and repricing of its existing euro tranche B term loans and sterling tranche B term loans and upsizing of its dollar revolving credit facility to $70 million from $50 million.

The packaging maker is based in New York.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.