Exopack Recaps and Pays Dividend

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.