Hoffmaster gets debt commitment for buyout by Kohlberg

By Sara Rosenberg

New York, Sept. 17 - Hoffmaster has received a debt financing commitment to help fund its buyout by Kohlberg & Co. LLC from Solo Cup Co., according to an 8-K recently filed with the Securities and Exchange Commission.

National City Bank is the lead bank on the deal.

Kohlberg is buying Hoffmaster for about $170 million.

Hoffmaster is a manufacturer of specialty napkins, placemats, table covers and other items for the restaurant and lodging industries.

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