HCP Global packages $380m, eyes US

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By Shruti Chaturvedi
07 Aug 2014

Cosmetics packager HCP Global is targeting a US syndication for a $380m financing, banking on a strong reception from a market that is happy to invest in cov-lite deals. The facility is split into three and has a trio of banks at the top level.

The company has picked Bank of America Merrill Lynch, BNP Paribas, and Citi to lead the deal, which is divided into a $50m five year revolver, a $230m seven year first lien term loan and a $100m eight year second lien term loan.

The $230m portion offers a ...

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