Exopack marketing $100 million add-on to 11¼% notes due 2014

By Paul A. Harris

St. Louis, Sept. 21 - Exopack Holding Corp. is expected to price a $100 million add-on to its 11¼% senior notes due Feb. 1, 2014 on Wednesday, according to a market source who added that Goldman Sachs & Co. is running the books.

The notes become callable after Feb. 1, 2011 at 102.813.

Proceeds from the Rule 144A and Regulation S offer, along with cash on hand, will be used to repay the company's $100 million term loan.

Exopack is a flexible packaging company and provider of paper and plastic packaging solutions.

The company, which is headquartered in Spartansburg, S.C., priced the original $220 million issue in January 2006.

© 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.