Exopack debt refinancing effort will include $250 million bond offer

By Paul A. Harris and Sara Rosenberg

Portland, Ore., Oct. 11 - Exopack Holding Corp. is expected to bring to market a $250 million offering of bonds, according to a market source.

The company is scheduled to hold a bank meeting in London on Monday and one in New York on Tuesday to launch a $750 million term loan B that is expected to include a euro tranche, sources say.

Goldman Sachs and J.P. Morgan Securities LLC are the lead banks on the loan.

Proceeds from the bonds and bank loan will be used to help refinance existing debt.

Exopack is a Chicago-based manufacturer of plastic packaging products.

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