Deals
SVPGlobal Picks Banks to Refinance Debt for Kloeckner Pentaplast
- Arranger group led by JPMorgan to raise new bonds and loans
- Owner may sell or list the company following refinancing
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Packaging firm Kloeckner Pentaplast is working with banks including JPMorgan Chase & Co. to refinance debt ahead of a potential sale or listing of the company, according to people familiar with the matter.
Private equity owner SVPGlobal wants to replace the 425 million euros ($521 million) of payment-in-kind notes that are due to mature in 2023 with new term loans and bonds, the people said, asking not to be identified because they’re not authorized to speak publicly.