Exopack talks $325 million six-year notes to yield in 8% area

By Paul A. Harris

Portland, Ore., Oct. 23 - Exopack Holding Corp. talked its $325 million offering of six-year senior notes (Caa2/B-) to yield in the 8% area on Wednesday, according to market sources.

The deal is expected to price on Thursday.

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.

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.

© 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.