Constantia Flexibles pulls U.S., euro term loan repricing from market

By Sara Rosenberg

New York, June 25 – Constantia Flexibles withdrew the proposed amendment and repricing request of its U.S. dollar and euro term loan B debt “as result of the current market conditions,” according to a company spokesperson.

The repricing was talked at Libor/Euribor plus 300 basis points to 325 bps with a 0.75% floor and a par issue price.

Current pricing on the loans is Libor/Euribor plus 375 bps with a 1% floor.

J.P. Morgan Securities LLC and UniCredit were the leads on the deal.

Constantia Flexibles is a Vienna-based manufacturer of flexible packaging products and labels.

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