Selig Sealing Products completes $180 million secured term loan

By Sara Rosenberg

New York, Nov. 8 - Selig Sealing Products Inc. closed on a new $180 million senior secured term loan, according to a news release.

GE Capital Markets and Ares Capital acted as the joint lead arrangers and joint bookrunners on the deal.

Proceeds were used to refinance existing debt.

Selig is a Forrest, Ill.-based manufacturer of container sealing products engineered to maintain freshness, protect against leakage and provide tamper evidence for rigid containers.

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