Knowlton Development to launch €100 million term loan on Thursday

By Sara Rosenberg

New York, Jan. 13 – Knowlton Development Corp. Inc. will hold a lender call on Thursday to launch a fungible €100 million incremental term loan, according to a market source.

UBS Investment Bank is the lead on the deal.

The incremental term loan and existing term loan will get 101 soft call protection for six months, the source said.

Commitments are due at noon ET on Jan. 21, the source added.

Proceeds will be used to fund a distribution to shareholders.

Knowlton Development is a Longueuil, Quebec-based manufacturer and custom formulator of beauty, personal care and household products.

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