Multi Packaging Solutions International redeems 8½% notes at 106.375

By Angela McDaniels

Tacoma, Wash., Oct. 17 – Multi Packaging Solutions International Ltd. redeemed its 8½% senior notes due 2021 on Oct. 17, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price was 106.375% of par plus accrued interest up to but excluding the redemption date.

The company used the proceeds of a new $220 million term loan D due 2023 to redeem the notes. The term loan has an interest rate of Libor plus 325 basis points with a 1% Libor floor.

Multi Packaging Solutions is based in New York and makes packaging.

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