U.S. Can holds bank meeting for $315 million facility via Deutsche Bank

By Paul A. Harris

St. Louis, May 26 - A conference call was scheduled to take place Wednesday for U.S. Can Co.'s new $315 million senior secured credit facility (B2/B), according to an informed source.

Deutsche Bank is leading the deal.

The facility is comprised of a $65 million five-year revolver and a $250 million 5.5-year term loan.

Pricing on the institutional component is Libor plus 350 basis points.

The Lombard, Ill.-based company makes steel and plastic non-beverage containers in the United States and Europe.

© 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.