Sealed Air Loan challenges bank appetite

摘要

Packaging company sealed air is wrapping up a US$475m Term Loan A that has challenged banks' return models and pushed the limits on their appetite for funded assets. In a bid to attract demand from banks eager to generate additional income and boost profitability, Ba2/BB+ rated Sealed Air made a play to nab a funded term loan at a lower cost than its existing revolving credit facility.