Recycled Paper to launch $217 million credit facility Monday

By Sara Rosenberg

New York, Nov. 3 - Recycled Paper Greetings Inc. is scheduled to hold a bank meeting on Monday to launch its proposed $217 million credit facility, according to a syndicate document.

Credit Suisse First Boston is the lead arranger on the deal.

The facility consists of a $20 million five-year revolver with a 50 basis-point commitment fee, a $110 million six-year term loan B and an $87 million seven-year second-lien term loan, the document said.

Proceeds will be used for leveraged buyout financing.

Recycled Paper Greetings is a Chicago-based greeting card company.

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