New packaging firm joins HY universe to ditch PP debt

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By Owen Sanderson
12 Oct 2020

Canpack, a Poland-based packaging company, is making its debut in the euro and dollar high yield market this week, as it seeks to shake off the constraints of its private placement-based capital structure and prepare for expansion in the US.

The company, owned by Giorgi Global Holdings, is looking to raise $1.1bn-equivalent across a seven year non-call three euro and a five year non-call two dollar bond. Citi is leading the euros, Wells Fargo is leading the dollars, and HSBC joins the two as a global coordinator.

BNP ...

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