Chesapeake to release loans box set

By Olivier Holmey
28 Aug 2013

The UK’s packaging manufacturer Chesapeake expects to launch the syndication of £290m-equivalent of loans on Thursday morning. The debt will support its leveraged buy-out by private equity firm Carlyle.

The loans, which make up the whole debt package financing the buy-out, are evenly split between euro and sterling tranches. It is being arranged by Credit Suisse, Goldman Sachs, UBS and Barclays.

The acquisition of Chesapeake, worth about £500m, was announced on July 3. The rest of the ...

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