Exopack Recaps and Pays Dividend
June 22, 2011- Share:
Sun Capital Partners-owned Exopack has completed a recapitalization that included $235 million of senior notes due 2018 and a $350 million senior secured term loan. With the proceeds the packaging manufacturer redeemed its outstanding senior notes due 2014, repaid its revolving credit facility borrowings and paid a dividend to its stockholders. Mesirow Financial served as co-manager and co-documentation agent for the recap. Sun Capital acquired the company in 2005 through a deal valued at approximately $280 million.
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