London bank meeting set for $1.5bn SIG takeover loan

A bank meeting for a $1.45bn-equivalent loan backing acquisitions within the Rank Group will take place in London on Monday, following a New York meeting this Tuesday that attracted interest from US funds.

  • 22 Oct 2009

Food packaging firm SIG is acquiring Reynolds Consumer Products Group and Closure Systems International. All three are owned by Graeme Hart’s New Zealand based Rank Group.

The loan has a six year amortising term loan ‘B’, of $850m and Eu250m and a five year revolver, split between tranches of ...

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