Paper & Packaging SPAC Launches Financing

24 Apr 2008

LaSalle Bank and Bank of America launched a $585 million senior secured credit facility for KapStone Paper and Packaging last Thursday.

LaSalle Bank and Bank of America launched a $585 million senior secured credit facility for KapStone Paper and Packaging last Thursday. The deal consists of a $100 million revolving credit facility and a $485 million term loan. The financing backs the $485 million acquisition of packaging company MeadWestvaco's ...

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