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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Bank Agents Multi-Currency Refi for Glatfelter
Monday, February 11, 2019
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Lenders/Participants
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PNC Bank [Administrative Agent]
PNC Capital Markets [Joint Lead Arranger]
JPMorgan Chase Bank [Joint Lead Arranger]
HSBC Securities [Joint Lead Arranger]
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Structure
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Multi-currency Revolver
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Amount
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$400.000
Million
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Borrower(s)
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Glatfelter
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Description
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A new 5-year, $400 million revolving credit facility and a €220 million term loan facility on February 8, 2019. The revolving credit facility will be used to refinance outstanding indebtedness under Glatfelter’s existing senior credit facility, for general corporate purposes including working capital needs and to finance future organic and acquisition growth. The proceeds of borrowings under the term loan facility will be used to redeem, at par, its outstanding $250 million, 5.375% senior notes on February 28, 2019. The credit facility is unsecured and contains customary representations and affirmative and negative covenants.
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Industry
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Paper
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| Related Tags |
HSBC Securities, JPMorgan Chase Bank, PNC Bank, PNC Capital Markets
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ABL Advisor
Deal Tables
2025
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