Kloeckner loan, bond package in the making

Kloeckner Pentaplast, the German plastic packaging company recently emerged from a restructuring exercise, is in discussions with high yield accounts after meeting lenders for its $500m loan package.

  • 04 Jul 2012

Sole lead Jefferies arranged bank meetings in New York on Thursday and London on Monday for a $435m 4.5 year term loan ‘B’ tranche offering Euribor/Libor plus 575bp with an interest rate floor of 125bp. Indications are for an OID of 98.0-98.5.

The loan package comes with a ...

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