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Multi Packaging Solutions to launch $220 million term loan on Monday
By Sara Rosenberg
New York, Sept. 16 – Multi Packaging Solutions International Ltd. is scheduled to hold a lender call at 1 p.m. ET on Monday to launch a $220 million non-fungible term loan, according to a market source.
Barclays is the lead bank on the deal.
Proceeds will be used to redeem the company’s $200 million 8.5% senior notes due 2021 on Oct. 17.
In addition, the company plans on repricing its existing euro and sterling term loan B debt, and to upsize its revolver to $70 million from $50 million, a news release said.
The company is not proposing to reprice its existing U.S. term loan B, the source added.
Multi Packaging Solutions is a New York-based provider of packaging solutions to the health care, consumer and multi-media markets.
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