Price Talk Emerges On Plastech Second-Lien

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Price Talk Emerges On Plastech Second-Lien

Price talk is circling around LIBOR plus 5 1/2% on the $100 million second-lien piece on the credit backing Plastech Engineered Products' acquisition of LDM Technologies.

Price talk is circling around LIBOR plus 5 1/2% on the $100 million second-lien piece on the credit backing Plastech Engineered Products' acquisition of LDM Technologies . Goldman Sachs is leading the second lien and Bank of America is leading the first lien. Price talk is LIBOR plus 3 1/4% on the $240 million "B" loan. The facility also comprises a $100 million revolver and $75 million "A" loan. The purchase price is not disclosed. Plastech and LDM manufacture automotive trim. Calls to Plastech officials were not returned.

 

 

 

 

 

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