Five Star to launch $630 million first-lien term loan on Tuesday

By Sara Rosenberg

New York, April 18 – Five Star Holding is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a $630 million first-lien term loan, according to a market source.

Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., Neuberger Berman, Credit Suisse Securities (USA) LLC and KKR Capital Markets are the arrangers on the deal.

The company is also getting a $250 million privately placed second-lien term loan.

Proceeds will be used to help fund the buyout of the company by The Jordan Co. and pay related fees and expenses.

Closing is expected in May.

Five Star is a Houston-based integrated flexible packaging company.

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