Resource Label to launch $680 million credit facilities on Wednesday

By Sara Rosenberg

New York, June 22 – Resource Label Group (RLG Holdings LLC) is scheduled to hold a lender call at noon ET on Wednesday to launch $680 million of credit facilities, according to a market source.

Credit Suisse Securities (USA) LLC, Jefferies LLC, BMO Capital Markets, Nomura and UBS Investment Bank are the lead arrangers on the deal.

The facilities consist of a $60 million revolver, a $405 million seven-year first-lien term loan, a $90 million delayed-draw first-lien term loan, a $110 million eight-year second-lien term loan and a $15 million delayed-draw second-lien term loan, the source said.

The first-lien term loan has 101 soft call protection for six months, and the second-lien term loan has call protection of 102 in year one and 101 in year two.

Commitments are due at 5 p.m. ET on July 1, the source added.

Proceeds will be used to help fund the buyout of the company by Ares.

Resource Label Group is a Franklin, Tenn.-based provider of custom label design and printing.

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