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Loparex to launch $350 million credit facilities on Thursday
By Sara Rosenberg
New York, March 13 – Loparex International Holding BV is set to hold a bank meeting at 10:30 a.m. ET on Thursday to launch $350 million of credit facilities, according to a market source.
Jefferies LLC, ABN Amro and Rabobank are the lead arrangers on the deal.
The facilities consist of a $30 million five-year revolver and a $320 million seven-year senior secured first-lien term loan, the source said.
The term loan has 101 soft call protection for six months.
Proceeds will be used to refinance existing bank debt and repay shareholder loans.
Loparex is a developer and producer of specialty release liner product solutions.
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