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Riverwood to launch $1.6 billion credit facility in near term
By Sara Rosenberg
New York, May 28 - Riverwood Holdings Inc. is expected to launch a $1.6 billion credit facility in the near future, according to a syndicate source. JPMorgan, Deutsche Bank, Goldman Sachs and Morgan Stanley are the lead banks on the deal.
The loan consists of a $400 million six-year revolver, a $350 million six-year term loan A and an $850 million seven-year term loan B, according to the syndicate source.
Proceeds will be used to help fund the merger between Riverwood and Graphic Packaging International Corp.
Riverwood is an Atlanta provider of paperboard packaging solutions to multinational beverage and consumer products companies. Graphic Packaging is a Golden, Colo. folding carton packaging supplier to the food, beverage and other consumable products markets.
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