Sylvamo readies launch of $500 million term loan B for Monday

By Sara Rosenberg

New York, Aug. 6 – Sylvamo Corp. is set to hold a lender call at 1 p.m. ET on Monday to launch a $500 million seven-year term loan B, according to a market source.

BofA Securities Inc. is the lead on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to help fund the spinoff of the company from International Paper.

Sylvamo is a Memphis, Tenn.-based printing papers company.

© 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.