IntraPac Group $105 million credit facility to launch Tuesday

By Sara Rosenberg

New York, April 7 - IntraPac Group is scheduled to hold a bank meeting on Tuesday to launch its proposed $105 million credit facility, according to a syndicate document. Credit Suisse is the lead arranger on the deal.

The facility consists of a $20 million five-year revolving credit facility with a 50 basis point commitment fee, a $50 million six-year term loan B and a $35 million seven-year second-lien term loan, the document said.

Proceeds will be used for acquisition financing.

IntraPac is a supplier of laminate, plastic laminate, aluminum and tin tubes, coated metered dose inhaler cans, plastic jars, bottles and closures for the pharmaceutical, health, beauty and industrial markets.

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