LEVERAGED LOANS

摘要

Packaging products manufacturer berry plastk is shopping a US$1.9bn term loan to finance its acquisition of materials maker Avintiv. Credit Suisse leads the transaction, which matures in 2022 and will carry soft call protection at 101 for six months. Pricing guidance opens in the 325bp-350bp over Libor range with a 1% floor and a discount of 99. Berry is acquiring Avintiv from Blackstone for US$2.45bn.