Mauser launches $792 million term loan B at SOFR plus 350-375 bps

By Sara Rosenberg

New York, April 2 – Mauser Packaging Solutions Holding Co. held a lender call at 11 a.m. ET on Tuesday to launch a $792 million term loan B due April 15, 2027 that is talked at SOFR plus 350 basis points to 375 bps with a 0% floor and an original issue discount of 99.875 to par, according to a market source.

The term loan has 101 soft call protection for six months and no CSA, the source said.

BofA Securities Inc. is the arranger on the deal.

Commitments are due at noon ET on Monday, the source added.

Proceeds will be used to reprice an existing $792 million term loan down from SOFR plus 400 bps with a 0% floor and extend the maturity by eight months.

Mauser is an Oak Brook, Ill.-based manufacturer and distributor of rigid metal, plastic and fiber containers, intermediate bulk containers and reconditioned packaging.

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