Agents Sign On To Kranson

Scotia Capital, Antares Capital and GE Capital have signed on as agents for the $170 million facility backing AEA Investors’ acquisition of Kranson Industries.

  • 14 Jul 2004
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Scotia Capital, Antares Capital and GE Capital have signed on as agents for the $170 million facility backing AEA Investors’ acquisition of Kranson Industries. The credit, which hit the market this afternoon, comprises a six-year, $30 million revolver and seven-year, $140 million term loan. Price talk is LIBOR plus 2 3/4% on the revolver and LIBOR plus 3% on the term loan. UBS is leading the facility.
 
Code Hennessy & Simmons is currently the majority owner of Kranson. Other owners reportedly are Goldman Sachs, GE, Antares and management. Kranson supplies rigid packaging components and services. UBS bankers and Tom Pryma, a partner with AEA, declined comment and Neil Tzinberg, Kranson’s cfo, did not return calls.
  • 14 Jul 2004

GlobalCapital European securitization league table

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1 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

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