Exopack to start roadshow on Thursday for $325 million six-year notes

By Paul A. Harris

Portland, Ore., Oct. 16 - Exopack Holding Corp. plans to start a roadshow on Thursday for a $325 million offering of six-year senior notes (Caa2/B-), according to market sources.

The roadshow wraps up on Oct. 23.

The bond deal is upsized from $250 million, with proceeds shifted from the concurrent term loan, which is downsized to $675 million from $750 million, sources say.

Goldman Sachs & Co., J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays, Investec and Morgan Stanley & Co. LLC are the joint bookrunners for the Rule 144A for life notes offer.

The notes come with three years of call protection.

Proceeds will be used to refinance debt and to put cash on the balance sheet.

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

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