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TricorBraun to launch $735 million credit facility on Nov. 9
By Sara Rosenberg
New York, Oct. 26 – TricorBraun is set to hold a lender meeting in New York on Nov. 9 to launch a $735 million credit facility, according to a market source.
Antares Capital and Nomura are the leads on the deal.
The facility consists of a $75 million revolver, a $600 million covenant-light term loan and a $60 million delayed-draw term loan, the source said.
Proceeds will be used to help fund the acquisition of the company by AEA Investors LP from CHS Capital.
TricorBraun is a St. Louis-based specialty distributor of plastic and glass packing products.
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