Anchor Packaging launches $725 million bank loans at SOFR plus 375 bps

By Paul A. Harris

Portland, Ore., April 24 – Anchor Packaging LLC launched an around $522 million extension of a first-lien term loan due July 2029 (B2/B) and a roughly $203 million incremental the first-lien term loan (both B2/B) on Wednesday, according to a market source.

Price talk is SOFR plus 375 bps, no floor, at a to be announced offering price.

Commitments are due at 5 p.m. ET on April 30.

The deal is being arranged by a UBS-led arranger group.

The borrower is a producer of thermoformed food packaging solutions to foodservice, retail and food processor end-markets.

© 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.